(3) setting up and perfecting the enterprise auditing system of annual financial report so as to examine the quality of the annual financial report

Prospect for Foreign Direct Investment and the strategies of transnational corporations, 2004 2007 (UNCTAD ITE IIT 2004 8), 1 October 2004

(4) assessing enterprise finance, monitoring the operation status of enterprise finance

General Rules on Enterprise Finance

Centre, faculty and location

(1) examining and approving the internal financial management system, financial strategy, financial plan and financial budget of the enterprise

(5) preparing and providing enterprise financial report so as to reflect the financial information and the related situation faithfully and

(1) supervising the implementation of the rules and regulations concerning enterprise finance, directing the enterprises to set up and perfect the internal financial systems in accordance with the financial relations

25. When environmental damage relates to the enterprise s own property, or is caused by the enterprise s operations and activities to other property for which there is no obligation on the enterprise s part to rectify, the extent of the damage should be disclosed in the notes to the financial statements.

Article 74 In case any enterprise, any person in charge held to be directly responsible or any other person of the enterprise fails to compile or report financial report or other materials under the provisions of Articles 64 and 65 of the present General Rules, the competent authority of finance at or above the county level may impose upon it him a penalty under the Company Law of the People's Republic of China and the Regulation on Enterprise Financial Statements.

(2) instituting the financial policies that facilitate the reform and development of the enterprises, setting up and perfecting the financial fund management systems that conduce to the development of the enterprises

Chapter II Enterprise Financial Management System

They are hereby promulgated and shall enter into force as of January 1, 2007.

Article 1 With a view to strengthening the financial management of enterprises, regulating the financial behaviors of the enterprises, protecting the legitimate rights and interests of the enterprises and related parties and boosting the establishment of modern enterprise system, the present General Rules are formulated under the provisions of the related laws and administrative regulations.

Article 4 The Ministry of Finance shall be responsible for instituting the rules and regulations on enterprise finance.

The competent authority of finance shall offer necessary training and technical support in accordance with the demands of the enterprise.

6. The stated objective of financial statements as contained in the quot Objectives of Financial Statements quot issued by ISAR (1989) is to provide information about the financial position of an enterprise, which is useful to a wide range of users in making decisions and is necessary for the accountability of management for resources entrusted to it.

Corporate Short Termism in the Fiscal Cliff s Shadow

(2) as for those occurred in the liquidation of the enterprise, they shall be paid off in priority with the liquidating property of the enterprise after subtracting the liquidating costs.

9. This Interim Statement deals with accounting for environmental costs and liabilities arising from accounting transactions and events that would affect, or will likely affect, the financial position and results of an enterprise and, as such, should be reported in an enterprise s financial statements.

(1) studying out enterprise internal financial management rules, financial strategies, financial plans, preparing financial budgets

Article 3 The state owned enterprises and state holding enterprises (hereinafter referred to as enterprises) shall determine their internal financial management systems, set up and perfect their financial management systems and control their financial risks.

Article 68 The competent authorities of finance and their employees shall properly use the financial information of the enterprises they have seized, perform the obligation of confidentiality under law, and may not take advantage of such information to seek interest for themselves or injure the interests of any enterprise.

The number of developing country firms among the Fortune 500 companies rose from 29 in 1998 to 45 in 2005.

In cases where a customs clearing company accepts the commission of a taxpayer and handles formalities related to the customs clearing and duty payment in its own name, it is held liable for duty payment together with the taxpayer.

No cases are reported of industrial establishments employing children.

In most circumstances, the financial reporting standards required for corporate reporting are contained in the generally accepted accounting principles recognized in the country where the entity is domiciled.

Article 61 Financial statements shall be prepared according to the provisions of the Accounting Standards for Enterprises and other related provisions promulgated by the Ministry of Finance and the CSRC.

An enterprise group company may determine its internal financial management system by itself.

Similarly, without creating business and consumer confidence by restoring fiscal control, the use of incentives to stimulate entrepreneurship and business start ups may not be enough.

However, 51 per cent of enterprises with Internet access used the Internet to obtain information from public authorities, 46 per cent for obtaining forms and 32 per cent for returning filled in forms.

(2) determining material financial items such as fund raising, investment, guarantee, donation, reorganization, remuneration for operators and income distribution and so on

Article 2 The Company shall prepare and make disclosure of notes to financial statements according to the requirements of the Accounting Standards for Enterprises and the present Provisions.

In enterprise debt, IMF's report suggests that comprehensive measures can be taken to address enterprise debt issues.

The proportion was greater for large enterprises, 45 per cent of which reported online purchases.

(b) Except as specifically provided in the agreement between the applicant and the Enterprise, the Enterprise shall not by reason of its participation be otherwise obligated to provide funds or credits or issue guarantees or otherwise accept any financial liability whatsoever for, or on behalf of, the joint venture arrangement, nor shall the Enterprise be required to subscribe for additional participation so as to maintain its proportionate participation in the joint venture arrangement.

In response to a business notification issued by the secretariat, the claimant stated that he did not have audited financial statements prior to Iraq's invasion and occupation of Kuwait because his business was unincorporated and audited accounts were not required by law in Kuwait.

(e) facilitation of the rescue of financially troubled businesses, thereby protecting investment and preserving employment.

(e) facilitation of the rescue of financially troubled businesses, thereby protecting investment and preserving employment.

Article 63 An enterprise shall set up a financial pre alarm mechanism, define the alerting standards of financial crises by itself pay more attention to monitoring the adaptation between operational net cash flow and due debts and the adaptation between assets and liabilities of the enterprise communicate the information on the pre alarm of financial crisis in time, and put forward the corresponding solution measures and schemes.

(2) organizing the implementation of such financial schemes as fund raising, investment, guarantee, donation, reorganization and profit distribution and so on, fulfilling the obligation of debt repayment of the enterprise faithfully

(b) Industry should be encouraged to advise on how to proceed, since industry would not participate in something that did not hold out the prospect of financial benefit

(11)The equity instruments as issued by an enterprise shall be subject to the Accounting Standards for Enterprises No.

As for an overseas investment, an enterprise shall conclude a contract thereon in written form so as to clarify the rights and interests it may enjoy from this investment and to carry out financial supervision.

The annual report deriving from the conventional model highlights financial assets and liabilities, shareholder worth, operating income and taxes, and changes in the financial position of the enterprise over the reporting period.