More Thoughts on China

Karlgaard, Rich
May 2007
Forbes Asia;5/21/2007, Vol. 3 Issue 9, p20
The article focuses on the threats posed by corruption and the lack of accounting standards to the economy of China. China has about 75,000 practicing certified public accountants, but it needs 300,000. To address this problem Chinas National Accounting Institute has been set up to train accountants. But, as Forbes accounting expert Elizabeth MacDonald says, progress is slow. The main reason, she thinks, is cultural.


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