Research On Evaluation Of Accounting Information Disclosure Quality

From the 1960s, the disclosure of information on listed companies started to become the object of study abroad. The research of information disclosure had not appeared in accounting field in China until 1994. Shortly in ten years, the studies of information opacity system, the mandatory information disclosure, voluntary information disclosure had a rapid advancement. All the theories above have a common focus:the quality of information disclosure.Information disclosure is the cornerstone of the stable development of the capital market, and information disclosure system is a basic system in a healthy capital market. Of all the open information of listed companies, the accounting information occupies a critical position. For their own interests, all kinds of investors have urgent demand for high-quality financial information. The financial-information-quality means usefulness, relevance, reliability, comparability, and so on. If information can help users to solve more problems or give them more information about their decision making, it proves that this information is of high-quality.In financial field, some theories of information disclosure have revealed the role of information disclosure, the rationality of information disclosure supervision and the power of voluntary information disclosure. However, there is no agreement on the information disclosure quality until right now, and either the information-opacity-examination-system. It is clear that Western researcher put a lot of effort on information-opacity-assessment which has played a critical role in improving the quality of disclosed information. Take examples, the United States Association for Investment Management and Research (AIMR) rating system, the International Center for Financial Analysis (CIFAR) index and the Standard & Poor's transparency and information study (T&D). China also have such rating system like examination system of Nankai University (2003), and began in 2001, the Shenzhen Stock Exchange had been give their evaluation on information-disclosure-work of listed corporations. On the study of domestic and oversea information disclosure assessments, we try to design an new accounting-information-disclosure-examination system which can help individual investors quickly and conveniently assess the quality of listed corporations.At the end of the essay, according to the system established above, we examined the disclosed information of 28 corporations which are listed in Shenzhen Stock Exchange and registered in Sichuan Province.