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Running head: ACCOUNTING EFFECT OF ECONOMIC REFORMS ON THE DEMAND FOR ACCOUNTING SERVICES NAME COURSE INSTITUTION DATE ACCOUNTING Effect of Economic Reforms on the Demand for Accounting Services In the recent past, there have been several economic reforms in China. As a result, the demand for accounting services has increased significantly. The demand for the services above is on the rise due to the introduction of favourable economic reforms. Thus, an increased number of customers in the sector. This essay will critically evaluate some of the economic reforms in China that contributed to the increased demand for accounting services. The key economic reforms in China include privatization of SOEs, liberalization of controls, commitment to encourage private investment in business and to attract foreign investment, and emphasis on commercial viability and competition among businesses (Dai etl, 2016). Important to note, the factors mentioned above play a critical role in China’s Economy. When significant and meaningful transformations are made on these factors, increased demand for the accounting services will be experienced. Also, due to economic reforms, more investors will be ...
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