Research Of The Disclosure Of Information About Affiliated Parties And Transactions Among Listed Companies In China

As the first Accounting Standards in China,in 1997《Accounting Standard for Business Enterprises——Relationships and Transactions Disclosures of Affiliated Parties》was published to define the scope of affiliated parties firstly.Then some relevant standards were published.In 1999,《Standards of Non-Monetary Assets Exchange》and《Standards of Debt Restmcturings》;the two standards were revised in 2001;In December,2001,《Temporary Regulation of Relevant Accounting Disposal Questions Such As Selling Assets Among Affiliated Parties》was published;Then in February,2006,《Accounting Standard for Business Enterprises No.36-Related Party Disclosures》was published.In our country,some relevant laws and regulations which were published continually played a certain role in transactions of affiliated parties normalizatly.But listed companies still could find out the way to realize their special object.Transactions among affiliated parties exist all the time and the forms are becoming more hidden.Why did not the laws and regulations settle illegal transactions of affiliated parties? Why did things of conceal intentionally something or disclosure partly on affiliated parties' disclosures often appear? Which factors impacted and limited the quality of related information disclosure? All the questions will be answered and I will give some suggestions at the end of this paper.Firstly,this paper analysed the status quo of transactions of affiliated parties in our country and the reason of resulting in the status quo,and explore the non-normalization and hidden on related party disclosures.Combining new accounting standards——《Accounting Standard for Business Enterprises——Relationships and Transactions Disclosures of Affiliated Parties》,it compared new accounting standards with old accounting standards and ingternational accounting standards to explore the reason and disadvantages of the difference among them.And I also analysed the motivation and origin of transactions of affiliated parties in accordance with economics principle and Status Quo.Secondly,this paper collect 25 listed companies'data from 2004 to 2005,and the compaies all were reported and Punished by securities regulatory commission.At the same time,I also finad out 25 other normal companies' data.In accordance with the companies'data,I will analyse the Significant difference between two kinds of companies on related party disclosures and the reason to lead to difference.This article will explore the relation from three aspects: equity structure,finacial condition and board of directors Structure.Finally,aimiing at the phenomenon I give some advice about affiliated party information disclosures from three aspects——legislation,oversee and self-restraint.