【正文】 gid as possible. As China39。s accounting system has bee a hot and most attractive topic for discussion. As China is in urgent need to solve the problem of how to pete effectively with rivals on the capital market at present and attract more foreign investors, what is most pressing is to realize internationalization of accounting norms on the capital market so as to make the accounting information of listed panies meet the approval and trust of investors. I think China should internationalize its accounting norms and system from the following aspects: First of all, the Ministry of Finance and the State Securities Regulatory Commission should join hands in formulating a set of internationalized accounting norms. China39。s accounting system and information disclosure With the daily growth in the ties of the Chinese economy with that of the world, capital market, as a forefront for full pliance with international practices, is more pressing with the demand for true, accurate and p information. In recent years, the departments concerned of the Chinese government have produced a large amount of accounting norms, systems and regulations to meet the requirements of the market economy. The State Securities Regulatory Commission has also produced related regulations on information disclosure to standardize the behavior of listed panies. All these show that China is marching toward the goal of true, accurate and plete accounting information. However, have all enterprises made their accounting information true, accurate and plete on China39。 中文 3490 字 外 文 翻 譯 外文出處 Shanghai KPMC 外文作者 WK SIU 原文： Accounting System and Information Disclosure I am very glad to have the opportunity to discuss with you on the hot subject of accounting system and information disclosure. Over the past year, all quarters of the society have given high attention to accounting system and information disclosure and so has our office. Here I would like very much to have a discussion on this problem with you. The fundamental problem to be solved in the accounting system and information disclosure is the quality of accounting information. In discussing the accounting system and information disclosure, it is, first of all, necessary to know what is accounting information. What is accounting information? An enterprise has many operational activities, but how to express the achievements of the operations? This requires quantification of the operational activities and accounting serves as a tool for quantifying business activities and the result is accounting information. Simply put, accounting information is to use the number language to reflect the operational achievements. But why is accounting information so important? This is mainly because it has too close a relation with you all. As economic cells of the society, all enterprises and people associated with them rely on accounting information. For instance, an investor has to take investment decisions based on accounting information。 if it runs below the standards, it is untrue and inplete. The code of accounting for enterprises is the criteria to judge whether or not the accounting information is true and accurate. According to the readily accepted views on the international market, the accounting information must, first of all, be true and accurate. By accuracy, it means to reflect the achievements of all economic activities and operations as they happen. We all know that, only by following an established principle and regul