NO TIMETABLE FOR SETTING UP FOREIGN CPA FIRMS IN CHINA: OFFICIAL
AsiaInfo Services, November, 2001
AsiaInfo Services 11-15-2001 No Timetable for Setting up Foreign CPA Firms in China: Official BEIJING, Nov 15, 2001 (AsiaPort via COMTEX) -- There is no timetable for setting up foreign solely funded certified public accountants' (CPA) firms in China as a lot of problems are yet to be resolved after China joins the World Trade Organization (WTO), said Li Yong, minister assistant of finance and secretary-general of the Chinese Institute of CPAs. It is understood China has opened its CPA industry significantly.
Currently, foreign accounting firms can set up agencies, establish joint venture accounting firms and apply for temporary licenses. The World biggest five accounting firms, Arthur Andersen & Co., Deloitte Touche Tohmatsu, Ernst & Whinney, Kpmp...
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