Research On The Legal Regulations Of Accounting Information Disclosure Of Listed Companies

With the economic development and the establishment and improvement of the multi-level capital market system,China's securities market has experienced a process of constant expansion and standardization,which has brought huge material wealth.Meanwhile,a plenty of problems such as the lag of rules and the lack of supervision emerge one after another.Information disclosure,as an important regulatory instrument,deserves attention and further study.Information disclosure system plays an important role in both the investment decisions made by investors when they learn the information of listed companies and the supervision of listed companies by relevant departments.In practice,there are lots of violations of accounting information disclosure and false disclosure in China and these phenomena persist and even get worse.In order to further improve the legal regulation of accounting information disclosure in China,this thesis analyzes the problems and reasons of the accounting information disclosure system in the law enforcement level by empirical study,which is based on the two aspects of legislation and law enforcement,combing and commenting on the legislative system of accounting information disclosure that has been formed in China so far.And its samples is selected from the CSMAR database of GTA,a total of 1137 cases of illegal punishment of information disclosure of listed companies from January 1,2016 to October 30,2018.Meanwhile,this thesis uses the comparative analysis method to analyze the accounting information disclosure regulation systems of the United States,the United Kingdom which is under Anglo-American law system and Japan and Germany under the continental law system.Combined with the actual situation of our country,this thesis summarizes the experience of accounting information disclosure in China which can be used for reference.Lastly,to solve the problems existing in the accounting information disclosure,this thesis proposes to improve the system of accounting information disclosure from the legislative level,pay attention to the protection of rights and interests of small and medium-sized investors'and improve the civil legal liability system and the intensity of criminal administrative punishment;At the aspect of law enforcement,it is suggested to optimize the division of functions and powers of the supervision department,strengthen disclosure of uncertain information,and fully establish and improve other supervisory mechanisms,such as improving the regulatory functions of the CICPA,All China Lawyers Association,and intermediary agencies,Establishing a social supervision mechanism.