The Research On China’s Listed Companies Spontaneous Accounting Policy Change

In China’s capital market, the voluntary accounting policy changes of listed companies is often a tool of enterprise surplus management, big bath and an important means of smooth returns, but it is also for listed companies to manipulate profits, tax evasion and corruption, incompliance activities provide a hotbed. On the one hand, the flexibility of change in accounting policy space for many listed companies when using the new accounting standards for enterprises in unity, normative, legitimacy, etc all kinds of problems, our country through spontaneous enterprise accounting policy changes of listed companies accounting fraud phenomenon is more, the quality of accounting information and disclosure procedures and regulation need to further improve and improve. Entrust-agent problem, on the other hand, the activation of makes the enterprises increasingly focus on corporate governance construction and frequent non-standard accounting policy of listed companies changes even accounting fraud seriously infringe on the interests of investors,which need to be unified, standard, legal accounting standard for business enterprises and policy, to maintain the rights and interests of investors and promote the healthy and sustainable development of listed companies in our country. According to incomplete statistics, in the first five months of 2015, listed companies of Shanghai and Shenzhen Stock market have made accounting policy change, such as zhongke shuguang(603019),xinhua department store(600785).Although there have been many at home and abroad on the wildcat modifying of accounting policy research, but under the background of drastic reform of policy system using the latest instance wildcat modifying of accounting policy research of the enterprise is more dispersed, and the lack of a unified logical framework and complete theoretical system. Therefore, based on the further study of frontier literatures at home and abroad, to accounting standards, corporate accounting policy change at home and abroad on the basis of comparative analysis, the main research of voluntary accounting policy changes of listed companies in China are mainly includes the change of fixed assets depreciation policy polish performance, payment of hidden loss is inflated profits, will be that the expenditures which should be capitalized inflated profits, changes in inventory valuation methods increase profits inflated revenue and adjust long-term investment valuation, and finally putforward some policy Suggestions from four aspects. The first part from two aspects of contents, norm disclosure format specification proposed specification the wildcat modifying of accounting policy information disclosure policy Suggestions. The second part is put forward policy suggestions that the illegal punishment of certified public accountants and to strengthen the regulation of accounting firms strengthen the supervision of CPA industry. The third part is that perfect governance structure of listed companies and strengthen the executive incentive system two aspects put forward the policy suggestions to perfect the governance of listed companies. The fourth part is put forward policy suggestions that revise securities law, emphasis on non-financial indicators of evaluation, to launch as soon as possible registration system three aspects to perfect the capital market regulation.