Study On The Quality Of Accounting Information Disclosure Of Financial Restatements

Since the 1990s,with the rapid development of capital markets and the increasing number of listed companies,financial restatements phenomenon increase every year.China's capital market with the gradual expansion of the size of capital markets,financial restatements phenomenon leads to more and more seriously.Financial restatement of listed companies,not only for the already published financial reports to supplement and correct,but also some extent reflect the accounting information disclosure quality problems,resulting in many negative economic consequences.Listed companies may therefore lead to a decline in market value,reducing profits for stakeholders of enterprises has brought huge economic losses,affecting the efficient allocation and rational use of social resources.Important financial information as a basis for the capital market to operate effectively,the high quality of information disclosure of financial information can help users determine the market risk-based and reasonable to make investment decisions,thereby reducing as much as possible in investment decisions due to financial restatements and other risk behavior may have to face.In this paper,China's listed companies report financial restatements related descriptive statistical analysis,and financial Jiangsu Sainty Marine Co.,Ltd.and Shenzhen Sea Technology Co.,Ltd.restatement analyze actual cases to explore the Chinese Listed Accounting information disclosure is not standardized,not timely,vague statements,finally proposed to increase corporate accounting information disclosure quality suggestions.