Landmark training program to support revival of China's accounting profession
A commitment to supporting professional development is a part of Deloitte's DNA. When Touche Ross and Kwan Wong Tan & Fong (KWTF) merged with Deloitte in 1990 and 1997 respectively, they both brought a passion for training and a portfolio of training experience dating back to the early years of China's open market reform policy, and added to Deloitte's own commitment as reflected in its World Bank project to develop China's accounting standards and tax policy.
In 1982 six trainees were selected by the PRC Ministry of Finance (MoF) to participate in an overseas training program being co-run by Touche Ross and KWTF. In the same year, Touche Ross and KWTF jointly conducted a two-month training program on western managerial accounting and auditing, in Putonghua, at the Shanghai University of Finance & Economics for 60 candidates nominated by the MoF.
Also in the 1980s KWTF organized a training program in Hong Kong which took in 30 Chinese Mainland accountants each year. These accountants were selected by the Chinese authorities, including the Civil Aviation Administration of China, MoF and the Ministry of Foreign Economic Relations and Trade. KWTF went on to assist the Shanghai Municipal Government in 1994 with what the Municipal Government described as its most significant training projects of that year – the launch of a widespread training program in collaboration with ACCA and Shanghai TV University, to provide western accounting and finance training in the Chinese language for about 200,000 management executives in Shanghai. More than 2,000 graduates received their diploma in the first graduation ceremony in Shanghai in 1997.