On The Internationalization Of Accounting Of Commercial Banks In China

The problem of accounting internationalization has been paid close attention day by day with the tide of global economic integration. It has already been unavoidable to require the accounting information to have comparability at the international level. In recent years, with the development of socialist market economy and joining WTO, the financial circles in our country is facing the great transitional period. The accounting internationalization behavior has been the core problem to the financial trade, especially banking, as the important branch in the economic field. We should summarize the disparity between our country's commercial bank and the world's, narrow the gap, and be in line with international standards. This not only provides convenience to rational investor, but also gives security for the sound development of our banking.In recent years, the issue of accounting internationalization in the financial field, especially in the field of our country's commercial bank has been paid not much attention by the scholars, but has gained their attention and discussion gradually. And the disparity, caused by the different audit criterion to the same commercial bank, has lead me to use "the accounting internationalization of commercial bank in our country" as the topic of my thesis. And it is just the breakthrough point to the following text including the comparison to differences and the proposition of countermeasure.In fact, the accounting internationalization of our commercial banks is caused by the internal and external factor together. It is not only the result by the influence of the international environment but also the objective need to the course of economic system reform and acculturation. Our commercial bank's accounting has always being revised and perfected since the publication of "the national banks' uniform basic accounting system ", and it is in line with international standards gradually in the course. The issue of the new " financial enterprise's accounting system " by November 2001 has pushed the accounting internationalization to a newclimax. But this doesn't mean that the financial circles of our country has totally integrated with the world. According to double audit system of the public offering company in our country and the assess to the four typical listed commercial banks, I have summarized eight aspects which lead to the disparity of the net profit audited by the domestic and overseas institution separately, and which are just the differences between our commercial bank and the world's in accounting. And I will analyze them one by one, and also put forward the countermeasure to them.