The Quality Of Financial Information That Listed Companies Disclosed And Its Supervision

The disclose of financial information of stock companies is the core of Information Disclose Policy. Improving the quality of financial information of stock companies disclosed is a research topic faced by not only China stock market, but also international capital market. It needs to integrate the practice above the theories to lucubrate the research. This article expatiate upon the theories of information disclose of stock companies, i.e. information asymmetry theory, stockholder rights theory, efficacious market simulation. Bring forward the medium and small stock holders' rights, i.e. the rights to know the true information, the rights to know the whole information, the rights to know the accurate information and the rights to know timely information. Moreover, the article discuss the political system of information disclose of stock companies in our country, and the main issues exist in the political system of information disclose. The discussions of this article lay emphasis on the quality system of financial information disclose, and the standards and evaluation methods of financial information disclose quality. This article researched the illegal and deregulation conduct of financial information disclosed by stock companies from 2002 to 2004 which had outstanding represented on mendacious statement, mendacious records, mislead statement, momentous events disguise. Analyze the reason of the quality problems of the financial information disclosed by the stock companies. Bring forward the countermeasure to farther improve the quality of financial information disclose of stock companies. Emphatically point out that to consummate the inside control of stock companies and the companies' management organization is the important countermeasure of improving the quality of the financial information disclosed by stock companies.