학술논문
Financial reporting and audit failures in transition economy: examples of auditors in China's financial market
Document Type
Journal Article
Author
Source
L. & F.M.R. 2016, 10(1), 4-15
Subject
Language
English
ISSN
1752-1440
Abstract
Discusses whether China should improve regulation of auditors to develop robust and resilient financial markets. Considers problems with the accuracy and timeliness of accounting information disclosed by banks and other companies in China. Criticises the rules on external audit requirements, lack of regulation of auditors' independence, the constraints of state secrecy, lack of guidance on reporting to regulators, and limited liability risks.