Securities Markets And The Internationalization Of Accounting Standards,

The globalization of capital market and, accordingly, the internationalization of accounting standards have been an inevitable fact in every country, along with gradually fortified trend of international economy integration. The springing up and brisk developing of securities market directly promoted the process of accounting reform. Joining WTO will speed the international process of securities market in our country, and the internationalization of securities market must demand the internationalization of accounting standards. Thus, there is urgent realistic meaning and profound theoretical meaning in the research of securities market and the internationalization of accounting standards. Based on the relationship between the globalization of capital market, securities market in our country and accounting standards, the paper shows the process of produce and development of accounting standards and the essence of internalization of accounting standards. Regarded construction of securities market in our country and accounting standards as background, it discusses and analyzes the mutual relationship between securities market and accounting standards: securities market directly promotes the construction of accounting standards and its internationalization process , on the other hand, the internationalization of accounting standards expedites the step of internationalization of securities market. At the end of this paper, the author discusses some issues of constructing international accounting standards in core of securities market.