Research On Improving The Mode Of Listed Companies' Accounting Regulation In China

Adolf Bernard,who was the chairman of the Board of Adolf investment securities in the United States, has been arrested because of suspicion of "Ponzi" investment fraud in Dec,10, 2008. The so-called Wall Street's biggest fraud loses investors up to 50 billion U.S dollars. From Enron and WorldCom in United States to Qiongminyuan, Zhengbaiwen, Yinguangxia in China, a series of accounting fraud cases result in investors'huge loss, lower the investors'confidence, and reduce the Public trust in the capital market, lead to an unprecedented confidence crisis, bring global economy enormous losses. The root of these events is accounting information distortion due to lack of accounting regulation. The financial crisis sweeping through the world just over a year to the world has caused great turmoil in financial markets, and has affected the real economy. The crisis also has exposed the enormous supervision problem.In recent years, with the continuous development of the listed companies, accounting irregularities and financial fraud was paid attention by the Public and government supervision department. Serious accounting frauds harm the investors'interests; have an extremely negative impact on the normal operation of listed companies. Therefore, how to strength accounting supervision has been one of the hottest researches in accounting field. Accounting supervision may effectively prevent the management of the company distort the process of accounting information generation and disclosure, protect the investors'interest, maintain the healthy operation and development of capital market. Reasonable mode accounting supervision is the mechanism which makes accounting supervisors plays their full role. At present, accounting supervision in the listed companies still expose a lot of question, and need to improve further. Therefore, it is imperative to strengthen accounting supervision, set up all-round, multi-level mode of accounting supervision which fit for china.The paper sets forth the relevant theory of China listed companies accounting supervision, and international comparison with American, England, France and Japanese. On this basis, the paper analyzes the status and the problem of China listed companies. Based on the status of China listed companies and learning from other countries accounting supervision, build the multi-level accounting supervision mode, which was the premise by the legal system, led by the government, the basis by listed companies'supervision, assisted by self-supervision, complement by society, finally improve the regulation of listed companies accounting supervision.