Tag: Chinese Accounting Standards

  • Applying the P→P→S Economic Formula to the Merger of IFRS and CAS

    The P→P→S (Peace → Prosperity → Security) economic formula, with its emphasis on holistic policy-making, can be effectively applied to guide the process of merging the International Financial Reporting Standards (IFRS) and the Chinese Accounting Standards (CAS). This merger is a significant step towards global financial harmonization, enhancing cross-border economic activities and transparency. Here’s how…