Notice of RetractionThinking on enhancing enforcement mechanism of Chinese accounting standards

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The issuance of new accounting standards in China only makes it possible for Chinese listed companies to improve the quality of accounting information. The key is the effective execution of accounting standards. In this paper, I analyze acting mechanism of accounting standards enforcement respectively in order to find proper acting points and enhancing execution power of Chinese accounting standards combined with political, economic and culture environment in China. Changes of Chinese accounting standards have been government-dominated for a long time. Because of this, it is an ideal way for China to add the expected cost of listed companies by depending on government authorities and imposed enforcement systems, and add the expected income by strengthening the construction of morality norms and the cultivation of honest culture.