Analysis Of Fake Accounting Reports Of Listed Companies And The Main Civil Liability For Fake Statements

Summary: With the deepening of reform and opening-up and development of the socialist market economy, the social and economic environment of listed companies has undergone dramatic changes. The accounting reports of Listed companies are the basis for the capital market establishment, improved business management, evaluation of financial status, operating risks prevention, investment decisions making, realization of the interests of the shareholders. Disclosure of accounting reports of listed companies not only needs the relevant information in the last fiscal year, but future development as well. Accounting report should accurately reflect the historical information the company, and the future trends of enterprise, the disclosure of such information must be realistic, objective and impartial i However, distortion of accounting reports of listed companies is overwhelming nowadays In my paper, the topic of fake accounting reports of Listed companies and the main civil liability for fake statements will be discussed in following parts:Firstly, Paper presents a clear defination of the accounting reports. Accounting report is the key for information disclosure of listed companies, with notes of accounting report and fiscal specifications as a necessary complement. Accounting report include liability reports, balance sheet , profit and loss report, cash-flow. information disclosed in the overall sense is divided into two categories : one category is the result of a period after the results of resource flows, and cash-flow primarily by a profit report; Another is the situation in a particular time resources, primarily by the balance sheet.