Research On The Influence Of General Manager Change And Internal Control Quality On The Comparability Of Accounting Information

The comparability of accounting information allows users to identify between the two types of economic matters,reduce information asymmetry in the capital market,and enable investors to better compare and analyze decisions in the investment planning of the two companies.Under the implementation of uniform accounting standards,the accounting information contained in the financial statements disclosed by the companies is theoretically comparable,but in fact,the implementation of accounting standards in each company and the choice of accounting policies are still subjective.Therefore,the company is unable to meet the requirements of the standard for the comparability of accounting information.As the most direct executor of accounting standards at the company level,the general manager's degree of execution and motivation are subjective.Then,what impact will the general manager change have on the company's accounting information comparability? This paper focuses on China's capital market scenario,attempts to explain the actual implementation of accounting standards at the micro level from the perspective of general manager change,and further explores internal control as an important internal corporate governance mechanism,whether it can not reach its macro accounting standards.The role of the dilemma plays a role.This paper adopts a combination of theoretical analysis and empirical research to conduct a statistical analysis of non-financial listed companies that have experienced general manager changes in China's A-share market from 2007 to 2016.The study found that the general manager of the sample company will change during this time period.Reducing the comparability of accounting information indicates that when the company changes its general manager,both the outgoing and successor general manager's reporting motivation and personal characteristics change,which leads to a negative impact on the implementation and motivation of the standard.Further empirical tests found that after grouping samples according to the nature of property rights,it was found that changes in the general manager of state-owned enterprises would lead to a more significant reduction in comparability.The main innovation of this paper is to further set up the interaction item between general manager change and internal control quality to study the effect of internal control quality on the adjustment of general manager's change effect on accounting information comparability,and use empirical test to test the quality of internal control of the company.At the time,the negative effect of the general manager's change on the comparability of accounting information is weakened.In companies with different property rights,the quality of internal control has a different effect on the inhibitory effect of the general manager's change on comparability.Compared with non-state-owned enterprises,This inhibition will be more pronounced in state-owned enterprises.Empirical evidence is provided for a number of recommendations in the literature that “enhanced internal control can undermine the impact of executive behavior”.There are still some shortcomings in this paper.Although a more scientific and empirical process has been carried out,it is not always representative of the internal and external factors of the company due to the research limitations that are still immature in this aspect.