On The Improvement Of Internal Accounting Supervision Of Listed Companies

In recent years,there are many cases of false statement of accounting information in listed companies,which cause property loss of investors and disturb the order of securities market.The reason lies in the deficiency of internal accounting supervision system.Different countries put forward different solutions according to their corporate governance model in order to strengthen the supervision.Although the company law of our country stipulates the accounting supervision power of three major institution,it is difficult to play its due role in the process of practice.Based on these problems,this paper analyzes the causes of the supervision qualitatively,and verifies the accuracy of the above-mentioned and the quantitative regression analysis.Based on the principle of separation of powers and checks and balances,this paper constructs system,and puts forward specific measures to improve the system.The internal accounting supervision system of Listed Companies in China have defects.The specific reasons are reflected in three aspects: First,our country pays more attention to external than internal supervision.It is difficult for justice to interfere with the internal management affairs,which caused the confusion of the powers among the internal organizations.However,the social supervision of Certified Public Accountants and the state supervision of CSRC,which are emphasized in judicial practice,cannot prevent the occurrence of false statements of messages from the root.Secondly,the authority of accounting supervision of various institutions is not clear.The disputes on the concept of accounting supervision in the sense of law and accounting make it difficult to define the functions.Third,there is no effective mechanism to balance the conflict of the authority.The introduction of independent director system is controversial.The current company law requires listed companies to set up it,and the conflict between the board of directors and the board of supervisors finally will be very difficult of the system.Through regression analysis,the paper compares the companies with the financial messages misrepresentation and the control group without accounting misrepresentation for further cause verification.The root of the problems and defects in the system lies in the failure of reasonable distribution and balance of power among three major institutions.The principle of separation of powers and checks and balances is consistent with the internal accounting supervision.And the principle of separation of powers and checks and balances promotes the realization of internal accounting supervision.Therefore,the internal accounting supervision system can be built based on the principle of separation of powers and checks and balances.There are three ways to realize the specific application of the principle of separation of powers and checks: to realize the separation of powers through the effective internal separation of powers by the board of directors and to define the powers of the audit and the nation;to realize the balance of internal accounting supervision through the introduction of the system which is called "personnel mixing" and "stakeholders";and to avoid the board of directors' "supervision but nothing" and to guard against the independent directors Become a "vase director" to maintain the effectiveness of checks and balances.The supervision system should be improved on the basis of the separation of powers and checks and balances and the maintenance of the separation of powers and checks and balances: to clarify the power boundary of the internal accounting supervision institutions,we can regulate the establishment of the audit committee by clarifying the obligatory norms of shareholders;to expand the scale of the board of supervisors and balance each other,the power of supervision can be strengthened through building an independent director agency and improve professionalism.