Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Wednesday, February 15, 2006

China Committed to International Financial Reporting Standards

In a speech earlier today in Beijing Sir David Tweedie, Chairman of the IASB, discussed China's commitment to convergence with International Financial Reporting Standards. The IASB and Chinese officials have worked closely together over the past year to assure that companies following Chinese accounting standards produce financial statements consistent with financial statements that would be produced if the company were to follow IFRS.

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