Chinese institute joins IFAC - at last
Article Abstract:
The Chinese Institute of Certified Public Accountants (CICPA) has finally joined the International Federation of Accountants (IFAC) after a nine-year delay. The approval of its application in May 1997 has brought the total number of its member organizations to 120 which, in turn, represent around two million individual members. The membership delay was caused by China's objection to the name of the Taiwanese member, the National Federation of CPAs of the Republic of China, which is a founder member of IFAC. This barrier was removed when the Taiwanese organization changed its name to the Federation of CPA Assns of Chinese Taiwan. A CICPA official claims that his organization joined the IFAC to be able to participate in the development of international auditing and other standards.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1997
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Asia/Pacific: Andersen's-eye view
Article Abstract:
Accounting firm Arthur Andersen (AA) is focusing on Asia/Pacific because the region has some of the most promising economies in the world. It is proud to be the largest provider of accounting services in the area, deploying 9,000 people in the field every day. AA's strong presence in the Pacific Rim can be credited to a series of strategic mergers with local accounting firms. It gained a foothold in the Philippines, Indonesia, Taiwan and Thailand with its merger with SGV in 1985, in Malaysia with its merger with Hanafiah Raslan & Mohammad in 1990, and in Japan with its merger with Asahi Shinwa in 1993. John Burrows, AA's area managing partner for Asia/Pacific, claims that the fastest economic growth in the region can be seen in China, Vietnam, Indonesia and the Philippines.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1996
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Anglo-Saxon attitudes
Article Abstract:
Key members of the International Accounting Standards Committee (IASC) discussed proposed plans for the future structure of the organization in a luncheon meeting. Among the board members present were IASC Deputy Chmn Tom Jones, Australian Accounting Standards Board Chmn Ken Spencer, European Commission Rep Karel van Hulle, Assn for Investment Management and Research Vice Pres Pat Mc Queen, and IOSCO and Commission des Operations de Bourse Rep Francis Desmarchelier. The panel discussion, which was moderated by Accountancy International Rep Liz Bury, revealed deep-rooted cultural differences between IASC board members. Non-Anglo-Saxon members of the organization believe that Anglo-Saxon members dominate the organization.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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