China called for providing more say to the emerging market and developing nations, on Thursday, in the formulation of the International Accounting Standards (IAS).

China will steadily push forward the reforms in its own accounting standards, making it move closer to IAS standards. It also hopes the International Accounting Standards Broad (IASB) will take into consideration more opinions from the emerging economies to enhance the authority of the IAS, Wang Jun, Vice minister of the Ministry of Finance (MOF), said at a two-day meeting in Beijing.

IASB Chairman David Tweedie welcomed China' s efforts in reforming its accounting standards and pledged to improve the quality of the international financial report.

The meeting was attended by about 50 officials and personnel from the MOF, the IASB and the Hong Kong Society of Accounts, and was regarded as an implementation of creating a single set of high quality, global accounting standards as called for by G20 financial leaders in September 2009.

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