International Comparison among the System ofAccounting Standards and Its Relevance in China

A healthy system of accounting standards is a presupposes of making a higher accounting standard.A sound organizaion of the accounting standard,qualified personnel who make the accounting standare and an ample procedure of the accounting standard are all the necessary factors to make.the healthy system of accounting standards.There are many aspects of the system of accounting standards in some developed countries ,such as Britain and U.S.A which we should use for reference.