Cite at least 2 credible sources from a library database as you answer the following questions. The articles are both attached to this assignment. I merely just need these questions answered based off these articles.
- Briefly describe the economic reforms that led to the need for increased external financial reporting in China.
- Conformity with International Accounting Standards was specified as the overriding objective in formulating China’s accounting standards. What is the author’s opinion on this objective?