Study On Accounting Govermental Regulations Based On The Changing Accounting Standards

In recent years, financial scandals have been world-widely exposed and accounting fraud cases have occurred frequently, making "Accounting Information Distortion" a hot issue. As a result, it has become more and more important to strengthen the construction of the accounting regulation system. China promulgated and implemented the new corporate accounting standards on February 15,2006, which marks China has achieved substantial convergence in accounting standards with International Financial Reporting Standards, but also brings many new changes and challenges to the management environment and accounting governmental regulation. The global economy crisis triggered by the financial storm, at the same time, has put forward more request for the construction of high-quality accounting standards and accounting governmental regulation. Changes in accounting standards, coupled with its role in the management environment and information technology, making the theory of accounting governmental regulation and corresponding regulatory policies the focus and hot spots, as they are always placed in the dominant status among the accounting regulation system. It can be safely said that the exploration of the construction of accounting governmental regulation model has profound theoretical and practical significance.This thesis, based on the current promulgated and implemented standards, will do some research in accounting governmental regulation from the viewpoint of theoretical basis, problem analysis, framework establishment and so on. It intends to build the changing-standards-based accounting governmental regulation model, and explores the approach in which the accounting governmental regulation model will run effectively, expecting to timely promote the reform of the changing-standards-based accounting governmental regulation. Specifically, this thesis includes the following six parts in content:The first part is the introduction, which will illustrate the research background and significance, review the existing literature at home and abroad, and make relevant comments. It focuses on getting the research areas, the trains of thought of the research and the research approaches of this paper clear.The second part is the theoretical analysis of accounting governmental regulation which is based on the changes of standards. It will mainly analyze the theoretical basis of accounting governmental regulation from an economic perspective, which specifically includes the Public Interest Theory, the Rent-seeking Theory, Economic Theory of Regulation and the Law Imperfection Theory. Afterwards, it will go on to define the connotation of the changing-standards-based accounting governmental regulation on the grounds of analyzing the impact of changes in accounting standards on government regulation and summarizing relevant literatures.The third part is the international comparison of accounting governmental regulation model. It will review the accounting governmental regulation model adopted by the United States, Britain, and Japan, and then put forward the inspiration for building the accounting governmental regulation model in our country, such as making a sound legal system, setting reasonable subject for accounting governmental regulation, improving the setting model of accounting standards, integrating the governmental regulation and industry self-regulation and so on.The fourth part is the current situation and problem of the accounting governmental regulation in our country. It will overview the development and the characteristics of governmental regulation in our country, gather and analyze the statistical data which include the accounting irregularities punishment data of the listed companies from 2003 to 2010 and the accounting information check data of the Ministry of Finance. After all these have been done, it will reveal the deficiencies of the accounting governmental regulation a few years before and after the changes in accounting standards and go a step further to analyze such deficiencies and their reasons. Combined with the impact of changes in accounting standards, this thesis points out problems of accounting governmental regulation in the following three areas:the legal system of regulation has not been perfect; supervision subject such as regulatory authorities lack coordination among each other, there are short of effective supervision for regulators; when it comes to the implementation of regulation, the supervision means is too single, inadequate supervision and over-supervision co-exist and so on.The fifth part is the construction of the changing-standard-based accounting governmental regulation model in our country. As the hardcore of this thesis, it will mainly focus on how to build the accounting governmental regulation model in the context of the changes of accounting standards. Firstly, it will analyze the political, economic, legal, cultural and educational environment of accounting governmental regulation. Then, it will carry on elaborating the framework of accounting governmental regulation from the perspective of the construction basis (target, subject and object) and the operating mechanism (capital budgeting mechanism, performance evaluation mechanism, internal control mechanism and standards enforcement mechanism). Finally, according to the current situation and problems of the governmental regulation, it will propose approaches to ensure the effective operation of accounting governmental regulation model. These approaches, in specific, are from the viewpoint of legal system construction, regulation subject construction and the security for the implementation of regulation.