ABSTRACT
The Accounting Society of China (ASC) is the first, and the largest, accounting association in China. In order to accommodate the needs of accounting reform, the ASC holds annual conferences to discuss and analyse emerging accounting issues derived from the changing environments in the process of rapid economic growth in China. The Chinese Accounting Professors’ Association was inaugurated at an international accounting symposium held in Shanghai in July 1995. A great number of new accounting issues have emerged in practice, for which no solutions could be found from the traditional accounting models derived from the planned economy originally adopted in China. A significant number of the senior executive officers of most accounting associations, such as the president, vice-presidents and secretary-general, are nominated by government authorities, even though they are nominally selected by general member meetings of the individual associations.
