Study On Yaxing?s Financial Statement Restatements

In China's capital market,People pay more attention on the accounting information of listed companies,because the quality of accounting information of listed companies have a direct impact on investors? decisions, embodied as: true and complete accounting information will guide investors to make the right investment decisions, to put money into right field, prompting capital appreciation and capital market resources effectively configuration; Error or omission and financial information will mislead investors, leading investors to make wrong investment decisions. However in recent years, more and more financial statement restatements have taken place in China? captical market.Once a listed company restate its financial statement,it represents that the listed company is in corporate governance problem. Studies have shown that: a sound corporate governance system will effectively restrict the occurrence of financial statement restatement;However,defective corporate governance system will provide an opportunity for the occurrence of financial statement restatement.On the basis of this I take China's A-share listed company Yaxing Chemical(600319) as the case company,introduced its financial statement restatement behavior in 2010 to 2013, and analyze its corporate governance system, obtained correlation between Yaxing?financial statement restatement and its corporate governance system.Through in-depth analysis of Yaxing?financial statement restatement, I found Yaxing? weak corporate governance environment lead the occurrence of its financial statement restatement. In this regard,I have put forward some related suggestions as Making perfect the corporate governance system, protecting the interests of minority shareholders, improve our Legal of financial statement restatement...