INSTITUTIONAL CONDITIONS FOR THE DEVELOPMENT OF A NATIONAL SYSTEM OF INTEGRATED ACCOUNTING IN CHINA

The article examines the issues related to the institutional environment in the formation and development of China’s national unified accounting system. It provides an aggregated classification of factors and provides a detailed analysis of formal and informal institutions. The Chinese approach to organizing the regulatory and legal framework for accounting activities is outlined. The uniqueness of the Chinese experience — simultaneously adopting advanced international practices and relying on centuries‑old traditions — is emphasized.