The theme of globalization and internationalization processes known economic and financial in recent years have helped to focus attention on the principle of comparability of financial statements of business, both in terms of time, to be achieved through the trend invariance with the general and special assessment from year to year, both in terms of space, aimed at increasing the intelligibility of the information outside, even by users belonging to countries with different accounting systems. In particular, the present contribution, there is an objective analysis of the determinants of the process of globalization that has affected the economic landscape in recent years China and India. However, the analysis in question was carried out through the study of the historical path of the accounting system and analysis of the legal system of the above countries, are brought to light the strengths and weaknesses that affect the same, while providing substantial input about the future of these new economic powers.