Public Company Accounting Information Disclosure And Investor Protection Issues Of Interest

Information, especially accounting information is essential in the stock market. As a tie, it contacts the list-companies with the investors. The investors make decision on the basis of accounting information. The investors, creditors and the other group or people relating to the list-companies, they all want to know the management achievement, financial condition and cash flow of the list-companies. According to the information, they invest and make decision. It is important for the accounting information disclosure to set up a fair, impartial and open stock market.It isn't a long time for our country 'stock market to set up, and it is far from ripe and standard. There are many problems in the accounting information disclosure. For example, the accounting information is not true and ample, and it isn't timely disclosure. All the problems bring about the distorted accounting information. For the investors, the distorted accounting information will mislead their decision on their investment. If the false invest bring about to loss, it will damage the confidence of the investors. It is adverse to the stock market developed normally.The distorted accounting information is a complicated economic phenomenon. We can know it correctly. In order to improve the accounting information disclosure, we can take proper measures. There is much cause that the accounting information disclosure damages the investor's interests. This passage analyzes the cause from contract theory and information economic theory.As the harmfulness of the distorted accounting information is so enormous, it is urgent to find out the cause of the distorted accounting information .It is important for our country to solve the problems on accounting information disclosure. And it is helpful for the list-companies to improve the accounting information quality. It is helpful for the investors to take the measures on the accounting information.This passage discuss the cause which leading to the distorted accounting information from four aspect, the construction of the system, the characteristic and the limitation of the accounting information, the unsymmetrical of the cost and interests, and the auditing.Learn from the measures on harness the distorted accounting information of the western country, such as the measure on the law system, cooperation system, the popular audit system and the accounting standard, and so on. I put forward the measure on changing the present conditions of the accounting information disclosure of our country.In our country, in order to protect the investors' interests, the measures on changing the present conditions of the accounting information disclosure as follows:Set up standard harness construction of the cooperation. Put the accounting information disclosure four times a year into practice. Improve the specific content of the accounting information disclosure, especially improve the disclose of the non- financial information, increase the disclose of the information out of the accounting forms, provide the forecasting accounting information, offer the useful report of each department, increase the information content of un-definitude. Strengthen the auditing of the list-companies and make the CPA audit system perfect.