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CPA Australia has offices in Beijing, Shanghai, Guangzhou and Macau. CPA Australia offers members in China a range of unique products and services, including career seminars, careers counselling and networking events.
In 2004, CPA Australia and The Chinese Institute of Certified Public Accountants (CICPA) signed a memorandum of cooperation for further exchange of information and co-operation of professional development. The agreement opens up the possibilities for professionals to expand not only their knowledge base, but to also assist China-based companies and organisations to become more familiar with international accounting, auditing standards and business management skills.
From 1 January 2007, all listed companies in China are required to abide by the Chinese Accounting Standards, which are substantially congruent with international financial reporting standards. Meanwhile, new Chinese Auditing Standards began to be applied for audits of listed companies.
China's growing economy is creating many opportunities for accountants and finance professionals.
Career opportunities for professional accountants are abundant in major cities such as Beijing, Shanghai and Guangzhou, where many multinational companies set up their offices.
An employment visa is required for foreigners working in China. Key criteria for the working visa are relevant expertise and experience. It is the prospective employer's responsibility to apply for a visa.
Information on visas can be found on the Ministry of Foreign Affairs of the People's Republic of China website.