Research On The Relationship Between Accounting Policy Change And The Profit Forecast Of IPO Company

With the continuous development and improvement of China’s capital market, Accounting information increasingly plays a significant role. The listing Corporation has more and more responsibility for the disclosure of accounting information to reduce the cost of financing and to meet the investor demand for information. They not only disclose Mandatory accounting information to investors, but also disclose voluntary accounting information. As a predictive and voluntary disclosure financial information on China’s capital market, earnings forecast cause widespread concern circles. In recent years,most scholars learn Factors of profit forecast ’quality from the angle of corporate governance, independent directors and third-party auditing there is little scholars conbine the changing in accounting policy with the profit forecast. Listing corporation affects profit forecast’quality by changing the accounting policy. Because accounting policy’change can affect the corporation’earning. So the thesis research the accounting policy change and the profit forecast of IPO company in order to achieve the optimization of listing Corporation accounting policy change behavior and improve the untrue profit forecast.The paper reviews and summarizes the related research results and the literature of the accounting policy change and the profit forecast. Based on contract theory, asymmetric information theory and the efficient market hypothesis theory, based on the analysis of China’s IPO company accounting policy change and the profit forecast information disclosure of the status, The paper analyzes the influencing of factors. Regression analysis was carried out by listing Corporation data for2001-2013and the initial public offering of shares, Relationships are as follows:The impact of changes in accounting policies on profit and forecast earnings quality has significant relationship.With theoretical research and positive test results, the paper put forward three proposals:Improve relevant laws and regulations, Improve the corporate governance structure; Strengthen supervision of the Commission.