Abstract: The Accounting Symmetry Theory (AST) should be regarded as the important principle for the formulation of accounting standards. As a neutral path that can be realized, AST can solve the contradiction between neutrality and economic consequences in theory. To bring AST into the quality frame of accounting information can simplify the methods of accounting standards, optimize the contents of accounting standards, and improve the quality of accounting information; meanwhile, it will produce positive effects on the practical work of accounting, auditing, statistics, and so on.

Key words: accounting symmetry theory; accounting standards; neutrality; economic consequence