A Research On The Accounting Information Disclosure Of The Corporations In The Market In China

The security market has played an active role in the establishment of socialist market economic system, implementing the efficient allocation of economic resources and promoting the establishment of modern enterprise system.Realizing that accounting information is the main content of the disclosed information, the establishment of a perfect system of the disclosure of accounting information becomes the one of the prerequisites that makes sure that publicse curity tansactions are performed in an open,fair,just market.If this is true, what about our system and practice about the disclosure of accounting information? Are there some questions? How to resolve it? These are questions to be answered in this article.The article focused on the fact that listing companies were blamed for disobey the regulations when they disclosed the financial information. Then the causes were found, and finally some measures were taken.I chose 216 listing companies, which were published or blamed for disobey the laws and regulations on financial information disclosure from Jan.2002 to Mar.2007, as research objects. After carefully sorting and analyzing all the disobeying facts, some problems existing in the process of financial information disclosure can be learned clearly.Try to detect the real causes on the basis of the above facts.By analyzing, we can found that the main reasons included government function failure, CPA losing inependence, and imperfect corporation governance, etc. First of all, supervising organizations can not function well, and local government only emphasized on its own benefit. What's more, with regard of personal benefit, CPA lost their independence when auditing.Furthermore, listing companies owned imperfect internal corporationg overnance,and they were short of real supervising division. All these factors led to the result that listing companies broke the laws and regulations.According to different causes, the article suggested to take more measures,including changing government function, strengthening CPA's independence, improving internal corporation governance,and amending the relative regulations.I believed that not only listing companies but also the whole economies would get more improvements on the condition of taking the above measures.