Grant Thornton attends China Accounting Summit

The China Accounting Summit was held at the International Conference Center of Shanghai National Accounting Institute on December 6with the theme of  “Accounting’s 13th Five-year Plan: Forum for Promoting the New Future of Accountingin China”, which drew over 300 attendees from accounting firms, businesses as well as government bodies such as the Ministry of Finance and the State Administration of Taxation.

Ji Ming, president of China Accounting News, delivered a keynote speech to kick off the summit. Zhao Mingji, assistant minister of the Ministry of Finance, spoke on reforms and development of accounting industry in the 13th five-year plan. He pointed out that generations of Chinese accounting professionals had been aspiring to build a sound and strong accounting industry through their hard work and wisdom so as to support the economicand social development of the country. Our generation of accountants should never forget where they started and adhere to the spirit of artisans and perseverance, and take actionsto achieve objectives setin the 13th five-year plan.

He Deming, deputy chairman of Grant Thornton China and managing partner of Grant Thornton Beijing office, delivered a keynote speech titled “Innovation and Quality Development of Accounting Firms during the 13th Five-year Plan”, sharing his insights on the new future of accounting industry in the 13th five-year plan. He said China’s CPA industry had experienced a rapid growth as a result of the explosive growth of China’s economy. In recent years, as China’s economy enters into the“new normal” period, China’s CPA industry will be facing brand new opportunities and challenges during the period of the 13th five-year plan.

He Deming also mentioned in his speech, Grant Thornton,as one of the earliest CPA firms in China, has always been attaching great importance to innovation and quality over the past 35 years since its establishment. In order to better serve the economic and social development in China, Grant Thornton is committed to professionalism and the mission of building a world-class accounting firm with eminent market presence in China.

In addition, panel discussions were also held exploring hot topics including "International Vision and International Thinking to Promote China's Innovative Accounting Practice", "New Trends and New Features of Accounting Services Innovation", and “Improving National Governance through Accounting Reform in the Government during the Period of the 13th Five-year Plan”.