On Internationalization of Accounting Standards from Perspective of Accounting Enuironment

With the development of economic integration, accounting, as an international business language, is now playing a vital role. The rapid globalization of securities markets has forced regulators around the world to take a hard look at their accounting standards. By analysis on present Chinese accounting environment and the great challenges it may face after China's entry into WTO, this paper gives new perspectives on internationalization of Chinese accounting.