Research On The Problem Of Accounting Information Under The Perspective Of Internal Control Quality

The quality of accounting information which has a close relationship of interests with theshareholders and senior managers and other managers is not only the basis principle ofknowing about the information of running, financing, investment and making a finaldecision,but also the very important information of shareholders and senior management ofenterprise management. The quality of the accounting information distortion phenomenon isserious at present, especially in the imperfect internal control system which causes thedistortion of the quality of accounting information. According to this, the appeal to improvethe quality of accounting information is growing. What’s more, it has become the inevitabletrend to develop and improve the internal control system. As the policies and regulations ofinternal control systems in China’s were promulgated, such as “Basic Norms of InternalControl”,“Applications of Internal Control Guidelines”,“The Evaluation of Internal ControlGuidelines” and “Internal Control Audit Guidelines”, the internal control structure of ourcountry is becoming more rational, in the same time, the system has been constantly improvedand the internal control system has become an essential part of the management enterprise.The positive effect of good internal control system on the the quality of accountinginformation has more and more obvious in recent times. In addition, with the development ofthe laws and regulations related to accounting system in our country, the quality of accountinginformation has been improved to a great extent.Based on the existing theory, this paper has a research on the issue of the quality ofaccounting information under the perspective of internal control. The main issue of this paperfocused on the relationship between the quality of internal control and accounting information,the impact on the quality of accounting information by the internal control system. Moreover,this paper also discussed and analyzed the influences of the quality of accounting informationby the internal control system, in order to provide different ideas to the research on this issue.First of all, there’s a previous theoretical review on the research on internal control system and the quality of accounting information. This article mainly started on thetheoretical concepts of the internal control system and the accounting information, thecommon theoretical concept which is called principal-agent theory and the relationshipsbetween two concepts. Further more, clarifying the theoretical basis and the relationships oftwo concepts, we laid the theoretical foundation for the following research.Secondly, we analyzed the status quo of the quality of accounting information and theinternal control system in China, what’a more, the influences and the reasons on the quality ofaccounting information by the internal control system had been also discussed. In order toanalyze the status quo of the quality of accounting information of our country, through theanalysis of the present situation of the quality of accounting information, this article alsoquoted the report of the Ministry of Finance on checking on the quality of accountinginformation. What’s more, through collecting the reports on China’s listed Corporation auditbetween2008and2012,we analyzed the different views of data in order to analyze the thepresent situation of the quality of accounting information. This article mainly had two aspectsof research on enterprise internal control effects and the causes on the quality of accountinginformation.Thirdly, through the Wanfu biotechnology financial fraud case analysis, we discussed theinfluence on the quality of accounting information by the internal control system from fiveelements of internal control points on the basis of the actual case study and the analysis of thequality of accounting information.Finally, according to the research discussed above and the problems of status quo, thisarticle gives some advices and recommendations on how to improve the internal control andthe quality of accounting information.