First published in 1998, this book provides an updated introduction to accounting and auditing in China, incorporating the most recent developments up to June 1997. It covers all major aspects of Chinese accounting and auditing, including accounting administrative systems, qualifications and responsibility of Chinese accountants, accounting regulations or standards setting, cost and managerial accounting, financial reporting, statutory audit and public accounting, accounting for governments and non-profit organizations, business financing and taxation systems, EDP application in accounting, accounting education and research etc. Some of the main accounting and auditing legislation and standards are complied in the Appendix. The book will be an informative reference to readers, both business executives and professionals, outside of China. It can also be used as a textbook or teaching supplement for Universities and Colleges.

First published in 1998, this book provides an updated introduction to accounting and auditing in China, incorporating the most recent developments up to June 1997. It covers all major aspects of Chinese accounting and auditing, including accounting administrative systems, qualifications and responsibility of Chinese accountants, accounting regulations or standards setting, cost and managerial accounting, financial reporting, statutory audit and public accounting, accounting for governments and non-profit organizations, business financing and taxation systems, EDP application in accounting, accounting education and research etc. Some of the main accounting and auditing legislation and standards are complied in the Appendix. The book will be an informative reference to readers, both business executives and professionals, outside of China. It can also be used as a textbook or teaching supplement for Universities and Colleges.

The purpose of this study is to investigate the association between firms' internal corporate governance mechanism and their auditor choice and auditor switch decisions and how investors respond to firms' auditor choice and auditor switch decisions in the Chinese context. The findings of this study have theoretical and practical implications. Different from prior studies, we find that, in order to sustain opaqueness gains, firms with weak internal corporate governance mechanism and therefore high agency costs may be inclined to avoid high-quality auditors. This study further suggests that investors respond differently to different types of auditor switch (i.e., switching to a larger auditor and switching to a smaller auditor). There are also practical implications. To bolster the confidence of the market participants, the regulators should carefully monitor auditing practices to protect the interests of investors.