A Study On The Financial Restatements In Chinese Listed Companies

The financial report of listed companies is the important carrier of information disclosure,to a great extent,affects the user's decision.If financial reports have serious errors or exist drain massage,inaccurate accounting information will make investors make the wrong decision.It will go against to the health of stock market's blossom.Since the 2090 s,financial restatement of firms,numerous,the restated amount big,involves the accounting matters,to a certain extent,exposed the severity of the distortion of accounting information of listed companies in our country.At present,the associative system of financial restatement is not enough veritable,and more and more firms put the financial restatement as a lawful way to aggrandize returns.Nevertheless,it is running counter to our original intention.To damage to protect the profit of multitude investors and the benign order of market,we should understand the motivation of financial restatement related cases,influencing factors,so as to prevent them better.This essay review and combed the relevant financial restatement related literature at home and abroad,and then summarizes the rationale of financial restatement related,including the demarcation of meaning about financial restatement,principal-agent theory and efficient market theory.The case is based on Shenzhen international enterprise co.,LTD.(000056)as the research object to do case analysis.Firstly reviewed the history of imperial court international co.,LTD.Development;Next to the company from 2008 to 2013 financial restatement incident reviewed;Then analyzed the consequences of financial restatement;Also speculated that the motivation of financial weight at different periods;Finally,I discuss the influence factors of financial restatements from four aspects,respectively are the CPA audit,the replace of accounting firms,built-in control and executive centralized.In the part of case conclusion,I analyzed the defects of our country financial restatement,and puts forward relevant prevention for our country financial restatement system,regulatory measures.