Accounting standards and other regulations to a certain extent forms the external corporate governance mechanism, and the conservativeaccounting comes into being.
准则以及各项法律法规在一定程度上形成了外部公司治理机制,从而产生了会计稳健性。
2
If the thrust of the new capital rules is to create conservative standards and to reduce management discretion over them, it seems odd not to endorse the same principles for accounting.