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Accounting in Mainland 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.


The Library provides full text access to a selection of key business and reference eBooks from leading publishers. eBooks are available to logged-in ICAEW members, ACA students and other entitled users. If you are unable to access an eBook, please see our Help and support advice or contact library@icaew.com.

Comparative international accounting

This book explores differences between International Financial Reporting Standards (IFRS) and US generally accepted accounting principles (US GAAP), as well as differences in accounting practices between countries such as China, France, Germany and Japan.

Comparative international accounting

This book explores the conceptual and contextual foundations of IFRS, contrasting them with US GAAP. It also examines international differences in IFRS practices and the accounting differences that remain between countries such as China, France, Germany and Japan. Particular attention is paid to the key issues of political lobbying, harmonisation, and the special accounting problems of multinational companies.

Terms of use: You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full 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
English-language updates from Deloitte's IAS Plus service.

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

IFAC profile: China's mainland
Profile of the legal and regulatory environment, including information on the statutory framework for accounting and auditing, regulation of the profession and adoption of international standards.

Accountancy associations and groups

Many of the following organisations have Chinese language websites only.

For regional organisations and networks, see our list of international accountancy bodies

ICAEW report

Small company reporting: A focus on China with UK comparisons
ICAEW, October 2021
This study examines financial reporting practices of small companies in China and the UK. It was undertaken with the China Accounting Standards Committee (CASC), affiliated to the Ministry of Finance. It includes tables showing the differences between ASBEs and IFRS, the main differences between ASBE and ASSBE/11, and key differences between IFRS for SMEs and ASSBE/11. 


Comparison of IFRSs and new Chinese accounting standards
Guide produced by Deloitte in September 2006 following the issuance of Accounting Standards for Business Enterprises (ASBEs).

Model financial statements

Model financial statements - China
Example accounts produced and regularly updated by Deloitte member firms to help users prepare reports in compliance with local GAAP.

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.

IFRS adoption

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.

Use of IFRS standards by jurisdiction: China
Country profile prepared by the IFRS Foundation with notes on the extent of IFRS application, relevant jurisdictional authority, IFRS endorsement and translation of standards.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles and books in the Library collection

Selected books

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

China Master GAAP Guide
Patrick PH Ng; Ng Eng Juan
Annually published handbook on accounting and auditing practices in China, offering up-to-date commentary on applying Accounting Standards for Business Enterprises (ASBE) and Accounting Standards for Small-sized Enterprises (ASSE) with worked examples for each standard. The handbook also includes a comparison of ASBE (2006) and IFRS.

International Trends in Financial Reporting under IFRS
Abbas Ali Mizra and Nandakumar Ankarath (2013)
This practical guide to applying IFRS includes the chapter 'Comparison of IFRS with China GAAP' which outlines the differences between IFRS and ASBEs. It also includes the following example documents:

  • consolidated financial statement templates for non-financial companies set by the ASBEs
  • separate financial statement templates for non-financial companies set by ASBEs
  • 2010 financial statements of CAS Co., Ltd prepared under ASBEs.

International Corporate Procedures
This regularly updated database includes information on tax and accounting and features model company accounts. The model accounts are presented in the standard format for each country or territory with original language and English language versions presented together. Contact us to request documents from the database.

World Accounting
Kurt S Schulzke (ed.)
Each country or region 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 or email through our document supply service.

Can't find what you are looking for?

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