关于中国盈余管理的探索研究外文中英文翻译.doc

关于中国盈余管理的探索研究外文翻译 Earnings management in China: an exploratory study Material Source: Managerial Auditing JournalAuthor: Carlos Noronha, Yun Zeng, Gerald Vinten It is well known that the economy of China has been developing at an astonishing pace and Chinas role as a global economic powerhouse is undeniable. Coupling with this rapid economic growth, a sound framework of corporate governance has become a top priority in the Chinese governments agenda. Recently, a number of efforts could be seen driving Chinas business environment toward higher level of transparency and accountability. For example, conversion of non-tradable shares into freely tradable shares, promulgation of new accounting standards converging with International Financial Reporting Standards IFRS, mandate quarterly reporting and the many reforms in related legal areas. Nevertheless, Chinas capital market is still emerging and the building up of a well-defined corporate governance framework can only proceed gradually. As such, while many Chinese businesses are becoming very influential multinational corporations, there is still a perception of private entrepreneurs operating in China under inefficient checks and balances and lack transparent financial reporting. Take the area of accounting standards reform for instance. Beginning February 2006, all listed companies in China have to report their financial statements using the new Accounting Standards for Business Enterprises ASBE. This helps to improve the quality of the financial information reported and has an important impact on boosting investor confidence. A recent study by Ip and Noronha 2007 also indicated that harmonization progress of the Chinese accounting standards is heading toward the right direction. However, given the nascent development into a capital market and the enormous vastness of China as an economic system, the road toward properly regulated financial reporting is still long and winding, especially for non-listed companies