China's certified public accountant business grows fast

A recent report from the Chinese Institute of Certified Public Accountants, said that domestic CPA companies have picked up their pace amidst the competition with foreign peers.Four indigenous certified public accountant (CPA) companies have seen their 2004 earnings break the record of 100 million yuan (about 12.09 million US dollars).The Shu Lun Pan Certified Public Accounts Co. Ltd, based in Shanghai, ranked first among all domestic players with earnings of 153.3 million yuan (about 18.54 million US dollars).