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Accounting in China

Up-to-date information and background knowledge can help support and grow your business internationally. On this page you can access articles, books and online resources providing useful links to accounting standards, GAAP comparisons and other guides.

Some features on this page link to licensed products and are only available to logged-in members and students.

Access to articles is provided subject to publishers' terms of use.

Online articles

The library provides access to a range of articles in full text from leading business, finance and management journals. Access to articles is provided to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Accounting standards

CAS Plus
Chinese language website from Deloitte with updates and information on Chinese accounting standards and IFRS.

Accounting Standards Updates by Jurisdiction: China
Updates from Deloitte's IAS Plus service.

China Accounting Standards Committee (CAS)
Body responsible for developing and issuing local standards.

Accountancy associations and groups

National

Many of the following organisations have Chinese language websites only.

Regional

Comparisons

An Overview of New PRC GAAP: Differences between old and new PRC GAAP and its convergence with IFRS
Report published by KPMG in September 2011 comparing current and superseded accounting standards in China.

Guides and resources

Glossary of microfinance terms
Translations from English to Chinese produced by the Consultative Group to Assist the Poor (CGAP). Published in July 2008.

ICAEW contact members

Contact member in China
ICAEW’s network of Contact Members around the world are a point of contact for enquiries and act as ambassadors in promoting ICAEW's strategy and brand in each region.

Adoption of IFRS

On 6 December 2007 the China Accounting Standards Committee (CASC) and the Hong Kong Institute of Certified Public Accountants (HKICPA) issued a joint declaration on mainland standards convergence. A separate declaration was also issued relating to auditing standards.

Useful sources of information

IFRS application around the world – Jurisdictional profile: People's Republic of China
Profile prepared by the IFRS Foundation about use of IFRS in this country with notes on:

  • commitment to global financial reporting standards
  • extent of IFRS application
  • IFRS endorsement
  • translation of IFRS
  • application of IFRS for SMEs.

The clouds part – China converges
Article published in the January 2008 issue of A Plus, the magazine of the HKICPA, which looks at the convergence process that China has undertaken.

China affirms commitment to converge with IFRSs
Press release issued by the IASB on 15 February 2006.

Articles and books in the Library collection

Selected books

Each selected book features specific accounting information on this country; click on the links for more details. Alternatively, contact us if you have a particular enquiry or need further help consulting these titles.

International Corporate Procedures
LS Sealy et al (eds.)
A regularly updated looseleaf publication in three volumes, this reference work includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country with original language and English language versions presented together.

World Accounting
Kurt S Schulzke (ed.) Each country entry contains sections on the framework of accounting (including the regulatory and standard setting regimes), individual accounting topics, auditing and appendices which can include commonly used terms and acronyms and example financial statements. This is a regularly updated looseleaf reference work in three volumes.

Find more resources

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by fax on +44 (0)20 7920 8621 or by email at library@icaew.com.

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