As a partner of the Big Four firm Ernst and Young we have a goal of developing and expanding an already prominent area of service further. This particular service is Assurance. Assurance services can include; auditing both internal and external, Actuarial assurance, Corporate reporting, IFRS reporting and many more. Last year assurance, ‘our largest practice, delivered a positive year growing revenues by over 4% to US$10.9bn.’ (Ernst and Young, 2013). This is our strongest service and with that in mind it is reinforcing the reckoning on expanding this service further. As a firm we are looking into expanding this service into China. China has the world’s largest population and the second largest economy and is always a target for further growth. This report will identify the historical background of China and how the accounting profession has developed. It will evaluate any future prospects for developing assurance services in China and finally, it will discuss the positives and negatives of importing our ‘Anglo-Saxon’ imagine into a very communist China.
China is renowned for it’s extensive history, however as a profession, accountancy has only really developed over the last century. ‘China has over 5000 years of history, but accountancy, as a profession in China, was only established in 1918.’ (Yugui. C, 2012). Since it’s inception in China the profession of accountancy has seen radical developments. Early Chinese history meant that ‘commercial activities were not looked upon favourably, as the Chinese traditional culture opposed the idea of Li [profit]’ (Helen Yee and Brian West, 2010). As a result of this ‘accountants were discriminated against in society...
... middle of paper ...
... Sector Accounting.. 22 (3), 269-299.
Stamp and Moonitz (1978) E. Stamp, M. Moonitz International Auditing StandardsPrentice-Hall, London (1978)
Tang (1997) Y.W. Tang Issues in the Development of the Accounting Profession in China China Accounting and Finance Review, 1 (1) (1999), pp. 6–20
Yining Chen & Kam C. Chan. (2009). The Chinese Economy. Research on Chinese Accounting Issues. 42 (1), 98-128.
Yugui, C. (2012). The Progress of the Accountancy Profession in China. Available: http://www.cicpa.org.cn/BNIE/201210/t20121029_38000.html. Last accessed 17th March 2014.
Z. Jun Lin. (1998). Internationalization of Public Accounting: Chinese Experience. Internationalization of Public Accounting: Chinese Experience. 13 (2), 84-94.
Zhang (1995) Zhang, Y.C. 1995. “Speech at the News Press on the Release of the P.R.C. Independent Auditing Standards,” (in Chinese).
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Globalization is a topic that has been debated for years. Two distinct sides have become prominent, pro-globalization and anti-globalization. Lila Rajiva argues in “The Globalized Village” a new position that seeks to reach out to both sides of the argument, a position she calls “humane globalization”. Rajiva gives first hand experience as she explains the affects that a new Hyundai factory has had in her home town of Vellore, India; explaining how it has brought jobs, industry, and “something more than the trundling old Ambassadors to drive around.” But with the good that has come with the Hyundai factory, Raijva highlights many of the damaging affects that factory has had on her hometown.... [tags: The Globalized Village]
1815 words (5.2 pages)
- LITERATURE REVIEW Researchers have used various abstract foundations for examining the relationship between media and body image ( Holmstrom, 2004). Here I review the theory that has been used by researcher in the area. Bandura’s Social cognitive theory (1994) assumed that “people learn and model the behaviors of attractive others”. The supporters of this theory suggest that young women find slim models in the media attractive and try to imitate them through dieting which leads them to eating disorders.... [tags: Body Image]
926 words (2.6 pages)
- The society plays a huge role on body image, how a person sees himself or herself can be affected positively or negatively through other people’s comments, (Social media, music industry, books/magazines etc.). Self-esteem and confidence also play a huge role in how people are able to portray themselves. First impressions they say leave a lasting impression. In my case, my physique, the way I dress and my gender all play a role in people’s first impression of me. We’ve all been to events where we are told to dress to impress, meaning dress in approval of not only yourself, but also the society.... [tags: Gender, Sociology, Body image, Body shape]
1388 words (4 pages)
- Role of female empowerment in King Lear During the Elizabethan Era, women were oppressed to men and had no authority and power to make their own decisions. This ideal view of gender is defied in William Shakespeare’s well-known tragedy, King Lear, for female empowerment is central to the play. Firstly, the bold characteristics of the woman contribute greatly in enhancing the plot. Furthermore, women play a major role in developing the theme of power. Moreover, when power is given to the female characters, they reveal their true character, thus aiding with their character development.... [tags: William Shakespeare, King Lear, Gender role]
1005 words (2.9 pages)
- Mass media is designed to reach large audiences through the use of technology. Its purpose is meant to give information we need to function as a society. Mass media is everywhere; there is no escaping from it. From the moment you wake until you fall asleep you are confronted with media. Almost every home in America has at least one TV, the internet, and cell phones. You cannot drive down the highway without seeing billboard signs. Checking out at the grocery store can be tricky if trying to avoid magazines.... [tags: Body Image]
935 words (2.7 pages)
- Throughout the twentieth century, and continuing today, the process of globalisation has dramatically changed the context in which nation-states operate and, in turn, the central governments’ ability to govern in a truly democratic manner. With this in mind, this essay will address the question of whether the federal principle of governance is applicable to all or only certain states. It will argue that as the forces of globalisation continue to operate, the federal principle will gradually become the most attractive option for all democratic states as they contend with its consequences.... [tags: Politics ]
1341 words (3.8 pages)
- With the Internet now ubiquitous, making it as easy to talk to someone on another continent as if they were your neighbor, coupled with the accessibility of global travel, it is now more beneficial than ever to know more than one language. However, United States citizens are mainly monolingual English speakers. In today’s globalized society, multilingualism is essential in keeping the pace on the world stage, and the United States should seriously consider taking action to encourage it. There are many benefits that a multilingual individual enjoys.... [tags: Language ]
970 words (2.8 pages)
- The way the world is globalized today allows one to understand the many differences in structures. Specifically, those structures that affect individuals most such as cultural, economic and government structures. Although with one click of a button one is able to acquire knowledge about virtually anything, unfamiliarity with ideas such as: differences in democracies still exist. Even though the United Kingdom’s language is most similar to the one in the United States, the United State’s executive branch most likely resembles the French executive branch.... [tags: President of the United States, United States]
1031 words (2.9 pages)
- The ‘Perfect’ Image In 2006, Dove created a 75-second video called ‘Evolution’. (Piper, “Dove Evolution”) It earned immeasurable success and laurels. Today, it has over 17 million views on You Tube. It won two Grand Prix at Cannes; both in Cyber and Film. (Wentz, 'Evolution' Win Marks Dawn of New Cannes Era.") It has raised much needed awareness about how Photoshop and makeup distort images we see in magazines, billboards and any media for that matter. The famed advertisement begins with the caption – ‘A dove film’.... [tags: Dove, Women, Body Image, Evolution]
1883 words (5.4 pages)
- In contemporary times, the influence of the media on all aspects of culture and society has spread everywhere. This is especially the case in United States. One of the social cultural aspects particularly influenced by the media is body image. A surprisingly large number of individuals, the majority of which are young women, develop their body image in accordance with the ideas advanced by the media, which judge women’s attractiveness based on how thin they are. Body-image plays a very important role in our individualistic society, in which a woman’s identity is closely related to her body.... [tags: Body Image, weight, media, ]
655 words (1.9 pages)
- Patriarchal Pathology: The Case of Sam Shepard’s Buried Child and Mahesh Dattani’s Where There’s a Will.
- Marriage to Morbidity : Women in Anita Desai’s Cry,the Peacock and Bharathi Mukherjee’s Wife
- An Analysis of Mother-Daughter Relationship in Manju Kapur's Difficult Daughters
- Women´s Literature: The First Promise by Ashapurna Debi
- Jane Austen’s Concept of Marriage in Pride and Prejudice
- Feminist Perspective In Githa Hariharan’s The Ghosts of Vasu Master