The Accounting Standard And The Corporation Governance

Accounting standard is ever regarded as a macro-economic police in China. Facing the situation that the accounting information is severely distorted, we have to think about the problems about accounting standard. Why do the operators in the firm want to control the profits? Do they have other rights besides providing the accounting information according to the accounting standard? How can the enterprise resources be collocated on the basis of the accounting standard? These questions light us to connect the accounting standard with the corporate governance.At first, we put forward the analytical structure on the accounting and the corporate governance. We think , it is because the economic consequence of the accounting standard that we draw a conclusion that the essence of the accounting standard is a contract .Like other contracts . it is also in-complete and also important for the enterprise ownership. Only the corporate governance exits can the standards work.Then, we select the most important factor-the operator as our object. In the next three chapters, we study the rights of operator on the accounting standard, the incentive of accounting standard in the corporate governance and the supervision during the standard implemented. We use the comparative way in the research. Through comparing the governance of the typical model, China and American, we acquire lots of evidences to support our viewpoint.At last, we come to a conclusion that the accounting standard must match the enterprise's environment. It is our same goal, not only to the scholars but also the practitioners, to establish the high quality accounting standard. From this point, the paper is also significant.