The Research On The Materiality Standard In Disclosure System Of Forward-looking Information

By research of significant precedents of FIMC (forward-lookinginformation materiality ceriteria) and relevant theories in United States,this paper goes through the development track of FIMC, as well as themateriality ceriteria from various levels and natures. Meanwhile, out ofAmerican experiences, it offers some advice to development of FIMC inChina.Chapter one provides a brief introduction to concepts and theories ofmateriality and materiality ceriterias, as well as FIMC in Ameica. Ininformation disclosure system, materiality is important in informationdisclosure and illusory statement indentification. however, it has its ownceriteria, viz. materiality ceriteria. Perspective information and voluntaryforecasting information are the two parts of forward-looking information.They have different materility ceriterias in information disclosure and illusory statement indentification. About this, the author will do moredetailed reaserch.in chpter two.In chapter two, by study of famed Basic case, readers are faced withthe establishment of rational investor decision-making theory andprobalility-magnitutde test adopted in this case, which are important toFIMC research. Section two and three of this chapter is about the FIMCin information disclosure and illusory statement indentification.Additionally, section three is also concerned with the impact of advancewarning principle and well-meant puffery on identification of prospectiveinformation disclosure materiality.In chapter three, the first part is the general picture forward-lookinginformation materility ceriteria system in china,and then the authoranalyzes the problems of current FIMC system. Compared with UnitedStates, indeed there are some problems in practice. Therefore, the authoroffers some suggestions at last.