The Research On The Correlation Between The Independent Director System In China And The Quality Of Accounting Information

As all know, the main contradiction in company operating is the agency conflictbetween the owners and the administrators. Originated from UK and USA, the independentdirector system just works for the above contradiction. At the same time it can reducethe behaviours of financial forge, so as to enhance the level of company management andestablish the trust on accounting information between public and companies. The advancedsystem was absorbed by Chinese in the context of reforming and opening. The independentdirector system has been used for more than10years in china, but more and more problemsappeared like financial forge, Whether there has something wrong with the system or we justcould not learn the main soul of the system? So, the research into independent directorsystem has some theory significance to a certain degree. The research of correlation betweenindependent directors system and accounting information can add some basis for CSRC andother relevant departments in the reforming and improvement of independent directorssystem. Then they can use the valuable reference to improve the structure of companymanagement so as to ensure the accounting information is true and keep financial forgedown. So the research has much practical significance.This article is on foundation of the materialistic dialectics, it also uses the method thatcombining the rule and the demonstration and mirrors the existing analysis at home andabroad sufficiently. First, it expounds the development、function、inscape of the independentdirectors system and the measures of accounting information. Second, it analysises thecurrent situation of accounting information and independent directors system、the problemsand influencing factors. Third, it uses the data of the company in Shenzhen Stock Exchangefrom2009to2011, it also uses methods like dependency、descriptive and MLR to test theinfluence of independent directors system to accounting information, then get theconclusions. Last, it gives some suggests aimed at the current situation and relevantproblems. This article contains four parts:First part: the theoretical analysis on correlation between the independent directorssystem and accounting information.1、it expounds the development、function、inscape of theindependent directors system and the measures of accounting information, then it expoundsthe characteristic of accounting information in and out, then introduces the normal yard stickof accounting information and also this article’s yard stick. Last, the article inducts the influence of the independent directors system to accounting information. This part makes thetheoretical basis of the article.Second part: it analysis the current situation of accounting information and independentdirectors system. In this part, it analysis the current implement of independent directorssystem and the quality of accounting information in china, then it finds out the negativeproblems and their influence factors. This part makes the realistic basis of the article.Third part: empirical analysis between independent directors system and the quality ofaccounting information. This part has two points: empirical analysis and theoretical analysis.It uses the data of the company in Shenzhen Stock Exchange from2009to2011, it also usesmethods like dependency、descriptive and MLR to test the influence of independent directorssystem to accounting information. Then gets the conclusions:(1) The proportion of theindependent director has little effect on the quality of accounting information. It is same tothe knowledge structure of independent director.This result is different from the analysisand conclusions before.(2) There has positive relation between independent directors’salaryand the quality of accounting information, and the times of attending board meeting forindependent directors is the same.Forth part: suggests to perfect the independent directors system...