Research On Private Non-profit Organization’s Financial Information Disclosure Issue

The non-profit organization, as an important society form, it plays a crucial role in aid vulnerable groups, such as science, education and social welfare. It has been widely recognized by society and has become an important force which can not be ignored in social life. It is a not-for-profit social organization purposing to serve the community. However, the non-profit financial information is lack of transparency norms, annual audit only has the formality, so it is difficult to obtain effective stakeholder information and achieve its supervision, and making a series of issues is also increasingly prominent. Some Charity Foundation to "public", "charity" in the name, the line "tax avoidance", "profit" in reality, more than well-known charitable foundations because of illegal use of funds led to a public acceptance or questioned urgent problems, all of these need to be paid attention. Therefore, it has become an inevitable necessity to improve and perfect the financial information disclosure and the transparency of non-profit organization and meet the demand of the masses.At present, the nonprofit organization of our country mainly refers to the private non-profit organization. With the reform of the political and economic system, the societies, foundations, institutions, private non-enterprise units and other civil non-profit organizations get rapid development, at the same time, the social public attention to the private non-profit organizations gets higher and higher, asking these organizations complete, authentic, timely disclosure of the financial information to the public. As the given financial information disclosure question research both at home and abroad is relatively small and most are from the angle of the law and the society, so in this thesis, these in-depth discussions aimed at the status quo of China’s non-profit organization’s financial information disclosure and making research on the constraint factors and specific improvement measures.This thesis starts from the theoretical basis of private non-profit organizations information disclosure, using the nonprofit property rights theory, the public goods theory, the information asymmetry theory and the principal-agent theory, it provides a solid theoretical support to the private non-profit organization information disclosure. The private non-profit organizations have lots of restriction factors as a lack of financial information disclosure laws and regulations, unified financial reporting mode, unified information disclosure platform, insufficient supervision and the internal control weakness. And on the basis of the American experience reference on the private non-profit organization of financial disclosure, it puts forward a sound financial information disclosure laws and regulations, unified financial report mode and the disclosure of information platform, strengthens external supervision, improves the industry self-discipline, and improves internal control measures to improve the financial information disclosure.