Since January 1st, 2007, Chinese new accounting standards are formally implemented, which symbols that China achieves the convergence with the international accounting standards (IAS), and its impact on the quality of accounting information has been focused. This paper reviews the related literatures on the influence of the change of accounting standards at home and abroad on accounting information quality from such four aspects as earnings management level, valuerelevance, earnings conservatism and the overall quality of accounting information, and points out the direction for future studies.