(18 BingXu the first month), February 15, 2006, China and the Auditing Standards System formally established. 15 The Ministry of Finance

2006, held in the Great Hall of the People, in Beijing, accounting and auditing standards system conference, Finance Minister Jin Renqing personally released 39 companies accounting standards and the 48 CPA Auditing Standards, which marks adapt to the requirements of the development of China's market economy, the formal establishment of convergence with the international practice of corporate accounting standards system and certified public accountant auditing standards system.