The Study On The Compulsive Accounting Information Disclosure Of The Listed Company In China

Compulsive accounting information disclosure of listed company is an important aspect of information of security market regulation, and it's the foundation of realizing the principles of"openness, fairness and honesty"of security market and the basic guarantee of maintenance investor's interests. At present, our country has already obtained very big achievements in the construction of the information disclosure system of listed company, and has formed the compulsive information disclosure system of the security market tentatively. There are important meanings in promoting the development the capital market, completing national macro adjustments and maintaining economical operation in our country. However, many problems have arisen in the practicing of the accounting information system of the listed company .These problems has brought enormous loss to vast accounting information user, attacked investors' confidence seriously, and blocked the further development of the capital market. Under this background, this text probes into the compulsive information disclosure question of the listed company thoroughly.Firstly, the text analyze why the government must carry on compulsive information disclosure with information asymmetry theory, the theory of effective market, and the game theory. This text insists that compulsive information disclosure is the trend of market supervision of the securities. At the same time, text analyzed the accounting information demand of listed company is not endless, and the information supply does not increase limitlessly with the supply and demand theory of accounting information. So compulsive information disclosure of listed company need holding degree .Then the text has reviewed the evolution of the accounting information disclosure system of listed company of our country, and analyzed the basic frame of compulsive accounting information disclosure system. Later, by the comparison of our country'compulsive accounting information disclosure with the foreign country', we found many problems of the regulation in our country. Then through the study of the case and the analyzing of the listed companies that are punished, we found the main problems in the compulsive information disclosure. For example, accounting information disclosure is not in time, the phenomenon of lagging behind is serious; Accounting information is insufficient, the great omission phenomenon is serious; Accounting information is stated falsely; Regulator's law enforcement is not enough, and whether the first punishment intensity is weight has obvious relations to violate legal provisions again; Company's administration structure is not improved etc Finally, we have put forward the suggestion of improving compulsive information disclosure of listed company of our country. Our government should strengthen of the construction of our country'information announcing system and accounting criterion, audit criterion, etc, and strengthen the punishment of the listed company in violation of rules and regulations, and improve the corporate governance structure of the company, and promote really " economic independence " of the certified accountant, and constantly accept the supervision of the various circles of society, and improve investors' quality, and foster various medium and small institutional investors actively.