An Analysis Of Effectiveness Of Accounting Information Disclosure System Of The Securities Issuance From The Prespective Of Integrity

Along with market economy's unceasing development, the negotiable securities as well as stock market's function already gradually might not substitute, it has made the remarkable contribution for national economy's development. Therefore, the promotion stock market's development already became the economic development and a construction important task, also becomes each national and the local important topic. Looking from the domestic and foreign stock market development's course, the stock market development is following the information disclosure unceasingly the standard advancement, is also following the process which enhances unceasingly to the investor benefit protection dynamics.In 1990 delivered the institute and Shenzhen Stock Exchange's establishment symbolizes that the China stock market's official start, in our country stock market 20 year development, our country stock market has made certain progress, To be listed quantity and financing ability enhances rapidly, the market size expanded suddenly, said quantitatively only, has passed through the overseas mature market more than 200 year development processes. But, weighed valid which and the investor rights and interests protection degree the market maturity two important aspect information disclosed still had the significant flaw, market overall quality enhancement into stock market development bottleneck and argument's focal point. The Hongguang industry compiles the large amount fictitious profit, swindles the going on the market qualifications; The Jiangsu Qionghua stock offering instruction booklet involves the information disclosure contrary; After Tonghai high branch stock issue, has not been able to go on the market……These cases are because time securities issue the accounting information disclosed that appears contrary causes, then explained that our country securities issue accounting information disclosure system has certain problem. This article in view of the above background, the attempt analysis securities issue accounting information disclosure system carries out the effect, the validity which disclosed to the securities issue accounting information carries on the appraisal from the complete angle, the analyse information disclosed exists the question, and proposed certain suggestion and the corrective measure, hoped may consummate our country securities issue accounting information disclosure system, enhances the securities issue information disclosure the integrity, so that the better protection investor benefit, enhances to the negotiable securities and the stock market confidence.This article summarizes in the literature in the foundation, has limited the securities issue accounting information disclosure system's concept, using the information asymmetrical theory, the effective market theory, the game theory has analyzed the stock market information disclosure necessity, and in the deep research securities issue accounting information disclosure system's foundation, has researched its validity from the complete angle, the ultimate analysis has carried out the effect not good reason and put forward the improvement proposal.This article has drawn following conclusion: 1. 58 taken by the company's prospectus and extract its financial and accounting information to analyze the integrity of listed companies reached basically meeting the requirements of information disclosure system of minimum standards.2. In the integrity of the principle requires the selective omission of certain problems exist, such as sales price changes, asset usage and technical aspects of the disclosure is not comprehensive enough, there are some steps to avoid problems.3. Analysis of the causes leading to the company against the integrity, according to the actual situation of China proposed to increase the violation cost, ease distribution control, strengthen capital competition, and strengthen the responsibility and integrity of the intermediate structure construction.This article uses the method which the standard and the descriptive statistical analysis unifies, first used the canonical parse to introduce the securities issue accounting information disclosure's concept, elaborated the securities issue accounting information disclosure system's actual content, then has selected 2009 is delivering the institute and Shenzhen Stock Exchange motherboard going on the market 58 company's stock offering instruction booklets, withdrew the accounting information, used the descriptive statistical analysis the integrity which disclosed to our country securities issue accounting information to carry on the analysis.