Research On The Relationship Between Corporate Organization Centralization, Internal Control And Accounting Information Quality

Accounting information plays an important role in the stakeholders.With the imperfect development of capital market in China,capital investment is of great uncertainty.So to a great extent,it needs to rely on accounting information to make decisions.However,the quality of accounting information provided by China's listed companies is not good.Endless accounting fraud and repeated financial fraud have caused many damages to investors.When the real operating condition and capital level of enterprises are different from that of accounting information,under the verification of the market,it is inevitable to be exposed at some point,which will bring great loss to investors and make them lose confidence in the capital market.In the long run,it will inevitably lead to turbulence in the capital market and block the capital circulation.In order to suppress and cure the atmosphere of accounting fraud,China has issued a series of related laws and regulations on internal control system and put more energy to establish and improve the internal control system of our country.It has been ten years since the Shanghai Stock Exchange issued the “Internal Control Guidelines of The Shanghai Stock Exchange” in 2006.However,the financial fraud continues to occur in China's listed companies,and the quality of accounting information remains to be improved.This paper takes internal control and accounting information quality as the research object,adds the centralization degree of enterprise organization as the breakthrough point,and puts forward two hypotheses on the basis of Principal-agent Theory and Asymmetric information Theory.After collecting relevant data for empirical research,the following conclusions are obtained.(1)Internal control has a significant positive effect on the quality of accounting information(2)The degree of centralization of enterprise organizations enhances the effect of internal control on the quality of accounting information.The conclusions of this paper provide some theoretical significance and empirical support for the study of the relationship among the internal control,the quality of accounting information and the centralization of enterprise organization.Also,it provides theoretical support to the improvement of our internal control system and the integrity of capital market.