Legal Controls On The Distortion Of Accounting Information

Accounting information is the basis of the investor,credit and other groups who have economic interest with the company to make economy decision. It not only damages the investors'interest and is bad for resource allocation. Also it is bad for economy properly and rapidly developing.In the open market economy, the accounting information becomes more and more important so that there are continuously new problems relevant to the quality of accounting information which need to be discussed. This paper studies distortion in fiscal information from the perspective of Law and Accounting, and aims to construct, with references of successful foreign legal systems current legal situations, a defense system guarding against distortion in fiscal information.Starting with summarize the basic thought of the paper, the second part is definitions of distortion in fiscal information, the paper moves to introduce the corresponding legal systems of some developed countries, furthermore, the paper the paper analyzes causes and threats of the distortion in fiscal information , points out to establish a legal system for preventing distortion in fiscal information should be urgently implemented and it is of great necessity to find out insufficiency in China' existing laws and regulations for preventing distortion in fiscal information, the paper finally concludes with several suggestions on improving China's legal system and give some suggestions.