Research On The Cases Of Accounting Information Disclosure Violation Of China Security Co.,Ltd.

With the development of China's securities market,the supervision department gradually standardized the supervision of the securities market.However,the cases of listed companies punished by the China securities regulatory commission(CSRC)for disclosure violations still exist,which makes the public gradually pay more attention to the quality of information disclosure of listed companies.The relevant departments have standardized accounting information disclosure system,and also formulated laws and regulations to punish companies and individuals who violate the rules.However,due to the short development of China's securities market,the relevant regulations and policies are not quite complete,which leaves the management with room for disclosure of accounting information.The illegal disclosure of listed companies not only affects investors' investment decisions,but also disturbs the order of the securities market and seriously hinders the long-term development of the capital market.Therefore,it is of certain practical significance to study the case of accounting information disclosure violation of China Security Company.On May 27,2019,the CSRC issued a punishment notice for China Security Company's accounting disclosure violations.According to the penalty notice,by the end of 2013,the company had inflated it 55.15 million for projects.At the end of 2014,the company failed to provide a real and accurate profit forecast in a timely manner,knowing that a project was difficult to achieve the expected target and the asset appraisal value was seriously inflated.As a result,the original provided earnings forecast and operating income information are misleading statements and false records,and the asset reorganization information announced on this basis seriously inflated the estimated value of the assets and operating income of the subject matter.In view of the above violations,this paper adopts the Fraud Triangle Theory to analyze the causes of the violation disclosure of the China Security Company.From the internal point of view,the demand of backdoor listing and subsequent operating pressure are the fundamental reasons to induce company to disclose violations,and the poor implementation of internal control system and unstable structure of senior executives also provide the condition for their fraudulent behavior.From the outside,the company is faced with fierce competition in the security industry.At the same time,the low audit quality of accounting firms and the punishment from the government also make it more reckless to fabricate accounting information.This paper puts forward corresponding suggestions.In order to change the status quo,we should first start from the inside of the enterprise,reduce the "cancer" from the root,ensure the effective implementation of the internal control system,optimize the shareholding structure of the enterprise,and give full play to the role of the board of directors,and constantly improve the competitiveness of the enterprise.Secondly,accounting firms should establish the concept of quality first,strengthen capacity building and improve audit quality.Finally,the government should optimize supervision and increase the severity of punishment for violations of information disclosure.It is urgent to prevent accounting information disclosure violations.Every listed company must strictly discloses the accounting information in accordance with the rules and regulations,protects the interests of investors and jointly maintains the healthy environment of the capital market.