The Credibility Of The Financial Information Of Listed Companies In China Studies

Financial information in a crisis of confidence in China’s listed companies, has anextremely important impact on the operational efficiency of the capital market, the trend ofthe increasing trend of internationalization of the capital market, the credibility of thefinancial information is common in China’s listed companies, and will be stumbling block ofthe development of China’s capital market, seriously affecting the development of thecomprehensive strength of China’s listed companies. Caused the credibility of the financialinformation There are many factors, including the quality of financial reporting informationdisclosure and fraud is one of the factors affecting the credibility problem.The practical significance of this study: conducive to investor decision-making, toprotect the interests of investors, is conducive to fair trade, promote the steady developmentof capital markets, is conducive to the development of listed companies. The paper adoptsthe theory with practice and research methods, step-by-step analysis of the question of thecredibility of the financial information from listed companies to start affecting the credibilityof the financial information was mainly caused by internal motivation, external monitoringmechanism, in order to resolve how to improve the credibility of the financial informationthe problem.The paper the problem of the status quo of China’s financial credibility of theinformation problem, combined with the provisions of the credibility of the financialinformation theory, the current status and problems of listed companies’ financial credibilityof the information for analysis and proposed to increase the credibility of the financialreporting of listed companies in China remodeling pathway.The conclusions of this study are: the user in the use of financial information foreconomic decision-making, the quality of the financial information disclosed, directly relatedto the success or failure of the correct decision-making and their economic activities. Thecredibility of financial information, in recent years has become a complex accountingpractices and economic phenomenon is more common concern. Therefore, the study of theirtheory necessity;The credibility of the financial reporting of listed companies in China the prevalence oflow quality of information disclosure and financial reporting irregularities by its analysis ofinformation disclosure quality is not high because: the main information disclosure system isimperfect, imperfect structure of corporate governance, financial systems and financial standards are imperfect and financial information is untrue; financial reporting fraud: thetemptation of huge profits, asymmetric information, the regulatory system is imperfect,imperfect legal punishment mechanisms, inadequate corporate governance structure andfinancial personnel conduct is not strong;The system of supervision and public disclosure of one of the system’s memory.Accounting Prior to the confirmation, will ultimately lead to the measurement, recording,and reporting aspects of the work of a series of accounting information. Aspects involved inthe whole process more and more involved. If this process is not bound by relevant laws andregulations, it is difficult to guarantee the the features: integrity, reliability of accountinginformation;To reshape the social way to improve the credibility of financial reports of listedcompanies in China, summarized as follows, to improve the financial reporting disclosuresystem, strengthen the control and supervision of the financial report of the participatingparties to strengthen financial reporting fraud identification techniques and the establishmentof the credit system credit. Which are very important for the regulatory system thinking andthe supervision of the Social Credit and remodeling.