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published on 8 October 2024 | reading time approx. 2 Minuten
On 19 August 2024, the Chinese Ministry of Finance released a draft of a new accounting system for private Non-Profit Organizations (NPOs). The current regulations, in effect since 2004, no longer meet today's requirements for transparency and accuracy. We have summarized the key changes and provided an outlook on the future of financial reporting in the non-profit sector.
Joschka Barde
Associate Partner
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Ralph Koppitz
Partner