Study Of The Equilibrium Of The Supply And Demand Of Accounting Information

By the application in this paper of the principles of new institutional economics, and on the basis of an analysis to the property and function of accounting information, we provide an inquisition to the information needs of users and to the motives of suppliers who make information windage. Based on the understanding of interest relations between demanders and suppliers, we try to establish a mechanism aiming at realizing the equilibrium of demand and supply of accounting information. In this mechanism we emphasize the importance of the arrangement of rights of determining accounting standards and the predominant status of CPA professional organization in determining accounting standards.