Research On Governmental Regulation Mode Of Accounting Information Market Based On The Changing System

International financial crisis broke out in2008, many scholars began to blame unreasonable accounting system for it is one of the important reasons to cause the crisis, and the lack of governmental regulation of accounting information market more or less played a role in exacerbating the crisis. At the same time, accounting system, internal control norms and code of corporate governance and other system changes have become the focus of global accounting theorists, practitioners and regulators. In addition, the outbreak of the international financial crisis also revealed the existed problems of the United States accounting regulation mode. The United States integrated industry self-regulation and government-led regulation, but government departments didn’t implement accounting regulation directly, and government-led regulation couldn’t work in real terms. Accounting information distortion has brought great impact to economic development and the market order, but also made contribution to the progress of the governmental regulation mode reform and the shaping of accounting standard system, internal control norms and code of corporate governance subsequently. Under such circumstance, the exploration of the construction of the framework system and operational mechanism of governmental regulation of accounting information market has profound theoretical and practical significance.This thesis firstly defines the meaning of accounting information market and governmental regulation of accounting information market based on the changing system and introduces the theory of governmental regulation of accounting information market in order to deepen the understanding of the meaning of this thesis’s title. Combined with China’s actual conditions, the thesis describes current situation of governmental regulation of accounting information market from different aspects by the use of the statistical method and further reveals existed problems. Then the thesis explores the changes of accounting system, internal control norms and code of corporate governance, empirically analyzes the impact it may cause on value relevance of accounting information and summarizes that governmental regulation of accounting information market should combine with internal control and corporate governance in order to promote the implementation of relevant systems. Finally against the defects of current governmental regulation mode of accounting information market, the thesis tries to build the framework system of governmental regulation of accounting information market and corresponding operational mechanism based on the changing system.This thesis includes the following four parts:The first part is the introduction. This part introduces the research background and significance, reviews extant literature at home and abroad and makes relevant comments. It puts forward the research thought and research method and elaborates innovations and deficiencies.The second part is the research basis of governmental regulation mode of accounting information market based on the changing system. This part defines the connotation of accounting information market and governmental regulation of accounting information market based on the changing system, and introduces the theory of governmental regulation of accounting information market in order to lay foundation for building governmental regulation mode of accounting information market from the perspective of the changing system.The third part is the current situation and existed problems of the governmental regulation mode of accounting information market in our country. This part overviews the characteristics of governmental regulation mode of accounting information market and analyzes accounting information check situation of the Ministry of Finance from2007to2011, administrative punishment of the Securities Regulatory Commission and irregularities punishment of the listed companies from2007to2012so as to examine the performance of governmental regulation of accounting information market. Then it reveals the deficiencies of governmental regulation of accounting information market, such as unreasonable design of organizational system, imperfect construction of laws and regulations, neglecting the effect of accounting industry self-regulation and the lack of supervision of government regulators.The fourth part is the building of governmental regulation mode of accounting information market based on the changing system. The thesis explores the changes of accounting system, internal control norms and code of corporate governance and empirically analyzes the impact it caused on governmental regulation mode of accounting information market. Then this part builds governmental regulation framework system of accounting information market from basic framework, target reconstruction, organization system and the basic principles. On the basis of the framework system, combined with defects of current governmental regulation mode of accounting information market, this part explores corresponding operational mechanism of governmental regulation mode of accounting information market, including designing mechanism of laws and regulations, supporting mechanism of industry self-regulation, coalescence mechanism of governmental regulation and internal control and corporate governance and constraint mechanism of supervision.