Law Governance To The Quality Problem Of Accounting Information

In America, a series of financial fraud cases among which Enron incident is the classical one have been attracting global eyes. Accounting information distortion which other problems concerned with to great degree(e.g. losses of state-owned property, failure of capital market, injury of owners' equity, etc.) are serious in China too. Our country has selected the accounting legalization to cope with them. Based on the contingent effect of the accounting legalization in practice about which the law and accounting field have different views , this paper first expounds two assumptions: the first one is that the course of the accounting history shows that accounting needs the legalization;the second one is that accounting is the instrument panel, which rights and duties of sets of contracts use to condition on each other, that do need good gauges whose calibration is the very accounting law system. In my opinion, to continuously develop the law system of accounting is reasonable on jurisprudence and essential and every important in practice. As for the accounting legalization construction at present, this paper points out two key ways: one is the construction of the accounting technique rules;the other is the legal position of the environment in which accounting works, for example, fundamental economy system, macroscopic working principles of property, forms and actions of enterprises, which must be efficiently ruled by the relative laws, and so forth. The fourth part of this paper is to survey the recent quality problems of accounting information and the lawless accounting actions and disclose their legal causes: for instance, the accounting law-making is still short, some reasons why accountants are impossible or unwilling to do what they ought to do by law are interrelated and interact on one another, the administering of the accounting law is powerless, it is not easy to punish the lawless accountants, .etc. . At last , some legal measures are suggested to preserve and continuously promote the quality of accounting information, such as the supplement of the civil responsibility system of accounting, harmonization of the law and accounting field and the improvement of the administering of the accounting law.