| Speaking of transparency, there's an article in today's (Monday, Feb 27) Wall Street Journal about China adopting international accounting standards. Adding Up Chinese Data Accounting Rule Changes Should Give Investors Better Insight By JAMES T. AREDDY February 27, 2006; Page C10 SHANGHAI -- China's plan to substantially adopt international accounting standards next year should offer investors more information about the actual value of companies listed on the country's stock exchanges. Starting in 2007, companies listed on the Shanghai and Shenzhen exchanges will be required to largely adopt International Financial Reporting Standards for their financial reports, China's Ministry of Finance said earlier this month. Authorities are expected to publish details of the new accounting code soon... |
Diversity, Consistency, and Efficiency - Part II