Analysis On The Violation Of Eco-beauty Company's Accounting Information Disclosure

China's capital market has developed for nearly 30 years.Due to lack of experience,it has encountered many storms in its development,but it has also made considerable progress in continuous exploration.However,the development of China's capital market is subject to time and experience.Compared with foreign developed capital markets,there are still many gaps and deficiencies in terms of experience,system construction,laws and regulations,etc.For example,the overall quality of accounting information is not high,accounting information is distorted,the disclosure content is inaccurate,not timely.The frequent occurrence of information disclosure violations will not only affect the development of listed companies,but will cause losses to investors,cause chaos in the capital market,and hinder the healthy development of the economy.Only when the internal and external activities of the company regulate and supervise accounting information disclosure can the information disclosed by a listed company be true,accurate,complete,timely,and fair.In the past 10 years,China 's capital market has been under a stricter regulatory environment.Information disclosure systems have been established and continuously developed.During this period,laws and regulations have been successively introduced to regulate and crack down on information disclosure violations by listed companies.More and more listed companies have disclosed information disclosure violations.The conduct was investigated and punished by the regulatory agency.However,it has not played a very effective prohibition role.The information disclosure violation by listed companies is still on the rise,which has also sounded a wake-up call for the supervision of China's capital markets.More and more attention has been paid to the research and supervision of information disclosure violations.Therefore,it is of great practical significance to study the violation of information disclosure of listed companies.This article focuses on the information disclosure violations of listed companies in China,and conducts a very systematic and comprehensive collection,collation,reading,and research on relevant theories and literature,and finally selects the information disclosure violation of beautiful ecology as a research object.Through the combination of theory and case analysis,starting from the basic situation of the development of the beautiful ecology,the main operating conditions after the business transformation are briefly sorted out,and the violation facts and the consequences of the violation of the beautiful ecology are detailed.The narrative clarifies the violation of the beautiful ecological information disclosure.The main part of the case analysis is to comprehensively and systematically analyze the reasons for the violation of Ecobeauty company's accounting information disclosure from three different theoretical perspectives,including the blind trust of external investors and creditors of the company.Accounting firms are not diligent,their external supervision is weak,and the main reason is the existence of “moral hazard” within the company.Due to the difficulties of business transformation,performance difficulties,delisting risks and other pressures,coupled with insufficient internal control,accounting information disclosure in violation of regulations produced.Finally,based on the analysis of the reasons for the violation of the Eco-beauty Company,the conclusions are drawn and corresponding suggestions are provided for preventing the violation of accounting information disclosure in China's capital market.The study of this case considers that the regulation of information disclosure violations of listed companies requires the combined effect of internal and external forces of the company,through strict supervision by external regulators and integrity education of internal personnel to respond to adverse selection and moral hazard caused by information asymmetry;improve the internal control and supervise to ensure the authenticity of accounting information from the inside;improve the independence of external auditors to ensure the quality of information disclosed;remind investors and other stakeholders to pay attention to the credit status of listed companies,and provide a reference for judging the quality of the company and making decisions.After consulting the existing relevant literature,it is found that the research theories of accounting information disclosure violations by scholars at home and abroad mainly involve theories of economics and management such as the information asymmetry theory,principal-agent theory,efficient market hypothesis theory,and fraud triangle theory.The study of Eco-beauty Company in this paper innovatively quotes social capital theory from the field of sociology.Based on the trust of core elements of social capital theory and the two elements of norms and social relationship networks,the causes of violations Eco-beauty Company's accounting information disclosure are studied,and normative suggestions related to this theory are put forward.It is hoped that from a sociological point of view,it will provide some ideas and references for regulating the information disclosure behavior of listed companies,and provide a theoretical basis for the research of the information disclosure of listed companies.