Abstract
Since July, 2010, the Chinese government claimed that medium and largesized firms shall gradually transform from “limited liability system” to “limited liability partnership system”. Up to now, almost all firms have completed the restructuring. However, this new system originates from other countries, there may be many unique problems arising in the application process in accounting firms in China. In view of this, this paper combines the current internationalization and strengthening strategy of the firms as proposed by the China Institute of Certified Public Accountants, and analyzes the possible contradictions that confront the firms’ strategy of becoming bigger and stronger in the process of the system transforming.
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