Corporate Governance and the Harmonisation of Chinese Accounting Practices with IFRS Practices

10 Pages Posted: 16 Mar 2007

See all articles by Peng Cheng

Peng Cheng

Xi'an Jiaotong - Liverpool University - International Business School Suzhou

Jean Jinghan Chen

University of Southampton

Abstract

China has reformed its enforcement mechanisms of accounting practices, in particular, corporate governance, in order to facilitate the harmonisation of Chinese accounting practices with IFRS practices. However, this research reveals that the reformed corporate governance has not made a significant contribution towards this harmonisation. The move of Chinese accounting practices towards IFRS practices is mainly due to the CSRC's 2001 compulsory harmonisation policy of eliminating the earnings gap. Corporate governance as an important enforcement mechanism for accounting standards has yet to be effective.

Suggested Citation

Cheng, Peng and Chen, Jean, Corporate Governance and the Harmonisation of Chinese Accounting Practices with IFRS Practices. Corporate Governance: An International Review, Vol. 15, No. 2, pp. 284-293, March 2007. Available at SSRN: https://ssrn.com/abstract=972524 or http://dx.doi.org/10.1111/j.1467-8683.2007.00560.x

Peng Cheng

Xi'an Jiaotong - Liverpool University - International Business School Suzhou ( email )

26 Xianning W Rd.
Dushu Lake Higher Education Town
Suzhou, Jiangsu Province 215123
China

Jean Chen (Contact Author)

University of Southampton ( email )

Southampton, SO17 1BJ
Great Britain

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