The Research Of Accounting Disclosure Regulation From The Property Right' Viewpoint

Recent years, the accounting distortions have become the problems besetting ouraccounting profession. A large financial fraud scandals bring huge losses to medium andsmall investors. The administration make some effects for many years, but it has notfundamentally solve the problem . It should be recognized that, in order to raise the quality ofaccounting information. It is not enough to only depend on accounting measurementprocedures. The measurement methods technical level efforts, the key is to have reasonableinstitutional arrangements. Because, according to the principles of property economics, theresult depend on the behaviour and acts in a system of property rights decisions, rationaleconomic behavior to the legitimate property right system configuration based. From propertyrights' viewpoint, there exists the requirement of defining the property rights of accountinginformation to internalize the externality of accounting information and to avoid the "marketfailure" as long as information resource scarcity. Therefore, to establish and improveinformation disclosure and accounting model is the fundamental guarantee for the quality ofaccounting information. This article is a normative research to describe how to define andprotect property rights of accounting information. First the article demonstrate that theoccurrence of accounting disclosure regulation derives from the requirement of defining andprotecting disclosure regulation derives from the requirement of defining and protectingproperty rights, but regulation is only one way to cater to this requirement. Second analysis ofthe government and registered accountants in the definition and protection of property rights,development and accounting information different roles. At last this article demonstrated theobjection of accounting disclosure regulation in our country from property rights' view andshow some suggestion.