As China’s stature in the global economic arena rises, the government recognises the need to strengthen China’s financial reporting and align with global standards. China’s regulatory bodies are diligently working to create an environment of quality in the application of accounting and internal controls over financial reporting. And with the speed and magnitude of the automotive industry growth in China, this is an important but challenging step forward for all companies involved. So, is this an opportunity to share and collaborate? Or will these changes test the relationships of the MNCs and Chinese partner?
We welcome you to take the time to read Opportunities to improve financial reporting and internal controls in China: CAS and C-SOX. You will better understand the key compliance issues facing Chinese entities today.