The Study On Legal Liability Of Accounting Information Distortion In China

Today, accounting information becomes the major economic information in current economic society. As for business managers, the information authenticity of accounting directly affects their decision to make the appropriate strategy for their company. Also, the authenticity plays a significant role and constitutes the guidance for the development of enterprises. Therefore, the reliability, objectivity and integrality of accounting information make a critical sense for the business growth. Meanwhile, it can help the leader to make the right judgments for settling the effective market countermeasures. With the continuous development of China’s economy and society, more and more high-quality accounting information is frequently required for the analysis of macro and micro economy and for the decision-making of the local government, the management, the corporate investors and creditors of the enterprises. However, during the process of economic growth, man’s subjective or objective mistakes can cause distortion of accounting information, thus misleading the corporate decision-makers and resulting in some loss. In China, continuous risks of accounting information distortion have made related businesses and the person in charge a lot of losses. So it is vital to explore the study on the legal liability of accounting information distortion.In order to reduce the loss caused by accounting information distortion, national governments start to rethink, fields from theory and practice have carried on the thorough research and discussion to accounting information distortion, put forward its own theory and solution and have issued the relevant legislation. In our country, it is necessary to find out the external and internal causes within the accounting field, and clear legal responsibility with these reasons. In order to further clarify the responsibility of the relevant subject, the "accounting law", the "audit law", the "company law" and other specific legislations should be perfected. At the same time, legal responsibility of accounting information distortion shall be investigated,accounting legal liability system that dominated by civil liability, criminal liability and administrative liability for supplement should be built, thus solving current market of the prevalence of accounting information distortion problems, making the accounting information distortion can be effectively restrained, so as to better serve the development of our country’s economy and society.