China's Listed Companies Accounting Information Regulatory Study

Under the market economy environment, accounting information is a kind of merchandise that has been supplied and demanded. The producing and disclosure of accounting information will also be subjected to the function of market mechanism, also existing the commutation behavior of the market of accounting information. However, market failure is a phenomenon which can not be overcome by market itself and have to ask for help from exterior organization to rectify. How to reinforce and heighten the efficiency of accounting information regulation, improve the disclosure system of accounting information and prohibit the accounting fraud have been one the main tasks of the current accounting professionals. The regulation of accounting information is the necessary means to guarantee the orderly operation of accounting work and the assurance to ceaselessly improve the accounting information quality as well. On the basis of this, I pick our country's regulation of accounting information of listed companies as my object to research on.This article focuses on the listed companies in China in studying the regulation of the accounting information, which is basing on the following considerations: Firstly, as a type of public goods, the listed company's accounting information, compared with the information of the companies of other ownership form, has wider and deeper influence and more interest related parties, according to which numerous investors and creditor make investment or credit decisions and the government sector implements corresponding macroeconomic policies. Secondly, the listed company is advanced in accounting treatment ability, accounting organization and the quality of accounting information as well as the high level of the development of accounting application in China and is more representative. Finally, the listed company's accounting information is convenient to get, which helps to study. Normally they should publicize their financial reports; the major administrative sectors will inspect their accounting information regularly and publicize the results.This thesis is divided into five parts, the first part is introduction. In this part, firstly, present the topic's significance, secondly, I summarize the related viewpoints. The second part elaborates the basic theory about the regulation of accounting information of listed companies. In this part, firstly, I introduce the meaning of regulation and the regulation of accounting information. Secondly, I present three related theory: Effective capital market theory, Gambling theory, market failure theory. The third part is the comparison of international regulation of accounting information and the enlightenment to our country. In this part, I select America, England, Germany, and introduce their characteristic of accounting information's regulation. The enlightenment that I obtain is: we should strengthen public regulation and establish independent folk regulation organization. The fourth part elaborates the effect of our country's regulation of accounting information and the problems existed. In this part, firstly, I analyze the effect of our country's regulation of accounting information, secondly, I point out the problems existed in our country's regulation of accounting information of listed companies: The regulation's objective incline to government interests, it has been off the direction to protect the interests of investors, CSRC has no enough rights to regulate the accounting information, CPAs and the listed company's interior regulation is insufficient, the punishment to breaking the regulation is not severe. The fifth part presents the measurement of perfecting our country's regulation of accounting information in listed company. Firstly, I emphasize that the regulation objective must be designed to protect the interest of investors, secondly, I present concrete solutions to the other problems existing in the listed company, Finally, I point out we should strengthen the society's public supervision, such as the media's supervision, and strengthen the regulation to regulators.This thesis is characterized by the following points: I analyze the problems of our country's regulation of accounting information in listed company and provide the advices on the basis of comparing with other country's regulation of accounting information.