The People’s Republic of China made economic reforms in the 1980s to encourage international trade. What impact have these reforms made on accounting?
A. Increased the demand for accounting information from investors.
B. Increased the supply of publicly available accounting information from Chinese companies.
C. Changed the nature of auditing in the PRC.
D. All of the above are true.
Answer:D
The People’s Republic of China made economic reforms in the 1980s to encourage international trade. What impact have these reforms made on accounting?
A. Increased the demand for accounting information from investors. B. Increased the supply of publicly available accounting information from Chinese companies. C. Changed the nature of auditing in the PRC. D. All of the above are true.