Study On Financial Restatements Of Chinese Listed Company

With speeding up the process of the global economy internationalization and China's foreign opening degree increasing; some problems about financial statement appear in China. Including financial restatements appear in the listed companies become a common problem. Since the mid 1990 s, financial restatements problem gradually be concerned regulators and academia. Through combing literature review of the financial restatements, we found that the focus of the present study focused on investigation of company governance mechanism to the influence of restatement and oblivious the external audit. This article attempts to study the financial restatements problems from the independent third party audit of the listed company angles. Through the accounting firm scale, the audit report opinion type and the audit of the listed company's internal control verification report, study the financial restatement problems. In recent years, the correlation of the financial restatements and three factors is positive or negative.This thesis can be divided into four parts:Firstly, this part mainly introduces the research background, the present situation of the research and the thinking, this article is divided into financial restatement problems research provides a basis points.Secondly, this part mainly expounds the concept of home and abroad to financial restatements define and the quality of financial reporting define, the simple statement of financial restatements causes, characteristics, form of both at home and abroad, economic consequences, and financial restatements relating factors theory.Thirdly, this section is the focus of this article. This paper mainly discusses the empirical content study sample selection, explaining the scope and eliminated data of the sample selection; Statistical financial restatements relevant circumstances. From repeat announcement view, classify repeat content, cause, industry, the financial restatements employed accounting firm scale, and issuing report opinion type.At last, this part is divided into the conclusion and the suggestions of our country's financial restatements problems.This paper reviewed the methods of academic thoughts of financial restatements relevant literature was summarized classification. Then the empirical research method, through the 2007 to 2010 four years data collection, analysis, builds model draws the conclusion.