| Comparative Analysis Based on Hangzhou and Toronto Abstract：Since January 1, 2019, China has begun to implement the new government accounting system.So far, China’s government accounting system has basically achieved convergence with international standards in accounting information processing However, China’s government accounting information disclosure still lags behind the international advanced level and cannot meet the actual needs, which is also a concern of the accounting colleagues. At this turning point, this paper studies the accounting information disclosure of the municipal government in China and takes Hangzhou, China and Toronto, Canada as examples. Through comparison, the paper draws on Canada’s advanced experience in government accounting information disclosure, and makes recommendations on the accounting information disclosure by the Chinese municipal government, so as to assist the improvement of government financial reports after the implementation of the new accounting system. |
