| Accounting information disclosure is the most important way for investors to understand the operating conditions of enterprises,and also the main basis for investors to conduct investment activities.High-quality information disclosure is conducive to maintaining the interests of investors and promoting the healthy and rapid development of the capital market.With the rapid development of China’s securities market,the number of all kinds of investors is increasing,especially the number of individual investors is growing rapidly.However,compared with institutional investors,individual investors are obviously weaker in their ability to obtain enterprise information and distinguish false information.This requires the market to be able to provide all kinds of relevant information in a timely and effective manner to ensure that investors can make effective investment decisions in a timely manner.However,from the current situation,the number of illegal accounting information disclosure is increasing day by day,which shows that the current situation of information disclosure in the market does not meet its legitimate,real,timely and complete requirements.According to the analysis of typical cases of illegal accounting information disclosure,It is conducive to the analysis of the reasons for the violation of laws and regulations and the development of corresponding solutions to regulate the information disclosure market.~*ST HuaZe full name is Chengdu Huaze Cobalt&Nickel Material Co.,Ltd,Itmajor sales is non-ferrous metals,minerals,chemical products,the original body is Chengdu taikang chemical fiber Co.,Ltd.,listed in 1997,it was suspended for many years consecutive losses in May 2007.In 2013,It changed its name to Chengdu Huaze Cobalt&Nickel Material Co.,Ltd and restore the listed.After the listing,the company failed to disclose related-party transactions and debt guarantees for many times in 2013 and 2014,and even used invalid bills recorded in the accounts as related-party repayment.In 2018,the company was investigated by China securities regulatory commission and finally punished by China securities regulatory commission.Meanwhile,Ruihua Certified Public Accountants,the auditing institution of the enterprise,and Guosen Securities Co.,Ltd.,the sponsor institution of the enterprise,were also punished by China securities regulatory commission for failing to perform due professional prudence in the practice process,so this event is typical.This paper use for reference the theory of the previous studies and related literature,By analyzing the cases of irregularities in accounting information disclosure at Chengdu Huaze Cobalt&Nickel Material Co.,Ltd(hereinafter referred to as the “~*ST HuaZe”),The purpose is to determine the role of internal enterprises,accounting firms and other external regulatory departments,And put forward some suggestions for the accounting information disclosure violations,in order to promote the standardization of the accounting information disclosure in China market process.And in this case,as the sponsor and surveillant of ~*ST HuaZe,Guosen Securities Co.,LTD failure to discharge its due responsibilities,The agency itself and the relevant business leaders have received the CSRC’s punishment.Therefore,this paper focuses on the analysis from the perspective of sponsoring institutions,clarifies the role that sponsoring institutions should play in the information disclosure behavior of listed companies,and puts forward suggestions for regulating the behavior of sponsoring institutions.According to the analysis,the main reasons for the violation of accounting information disclosure are as follows.Firstly,there is a huge interest drive.The unreasonable ownership structure and low quality of shareholders provide an opportunity for the violation of accounting information disclosure.Secondly,the daily production and operation activities are not in accordance with the relevant provisions of the internal control system,resulting in the relevant risks are not properly controlled.Finally,the government supervision is not in place and the sponsor institutions did not fulfill their due responsibilities and other factors.In order to standardize the market of accounting information disclosure,it is necessary to strictly control the stages from the generation of accounting information to the use of accounting information from all aspects.And summarizes the revelation and conclusion of the violation. |
