The Research On The Quality Of Our Government Accounting Information

Our current implementation is budget accounting system which based on cash basis, and in this situation, government accounting information can only reflect the implementation of the budget, the public cannot understand the government’s assets and liabilities, operating results and financial resources of the sustainability of information. Because of the transparency of government accounting information is not so clearly, the public cannot supervise the performance of the government’s fiduciary duty and make reasonable economic decisions based on accounting information. Therefore, it is of great significance to improve the quality of accounting information. In 2014, the State Council approved the Ministry of finance document — The reform scheme of integrated financial reporting system of accrual government,which marks the reform of government accounting has entered a substantive stage and put forward new requirements of the quality of the put forward new requirements accounting information; In 2015, the Ministry of Finance and the Ministry of the meeting approved the document—Government accounting standards- Basic Standards,and the quality system of government accounting information is established. Nevertheless, due to the complexity of the subject of China’s government institutions, there is no unified government accounting information quality standards established, and government accounting information has great defects in reliability, relevance, intelligibility, authenticity, therefore, improving the quality of accounting information of government has the profound significance to promote the reform of government accounting, improve the fiscal transparency and achieve the objectives of government accounting.Based on the new public management theory, the principal-agent theory, asymmetric information theory and informed right theory, proposed that the government should provide high quality of the accounting information as the principal of the public to eliminate the phenomenon of information asymmetry in the government and the public, to ensure that the public to obtain high quality accounting information to make reasonable decision. In the context of the principal-agent theory, studies found that the government accounting objectives are not clear, and the accounting information is mainly used for internal management, making the government accounting information quality characteristics are not clear. Based on the two dimensions of government accounting information quality evaluation standard and its content, the article analyzes the present situation of government accounting information quality, and then found the government did not establish a unified characteristics of accounting information system, and the contents of the government accounting information does have a lot of defects. The current government accounting information has a lot of defects in terms of reliability, integrity, relevance, timeliness, so that cannot provide true and complete financial information, and a lack of a sound financial reporting system. This paper explores the government accounting information quality problems mainly from three aspects, which are the government accounting objective, the government accounting system and government supervision mechanism. Ambiguity of government accounting objective leads to the ambiguous government accounting information quality standards; Revenue and expenditure accounting system, budget accounting system, the lack of conceptual framework of government accounting and supervision and management mechanism limits the improvement of government accounting information quality. Finally this paper puts forward some improvement measures to improve the quality of government accounting information from following aspects: Clearing objectives of government accounting, the level and scope of the users and the body of the report, establishing government accounting information quality evaluation standard, introducing the accrual basis of accounting basis, constructing the government financial report system and fiscal sustainability report, perfect our country government accounting information disclosure system of relevant laws and regulations, establishing the CPA audit system for the public sector and so on.This paper not only has theoretical significance to improve the quality of accounting information system and to promote the reform of government accounting, but also has practical significance to improve the transparency of government accounting information, evaluation of the government’s administrative efficiency through the study on the quality of government accounting information.