Research On Mechanisms For Implementation Of Accounting Standards

In recent years, accounting standards systems home and abroad are amended constantly. However, a series of major accounting frauds bring us to deep thought what the determinants of the quality of accounting information are besides improving accounting standards? We cannot deny that American accounting standards system is quiet comprehensive, but significant financial cases are still emerged in America. Generally, our intuitive reflection to the accounting system tends only to the continuity and succession of the crisis. In addition, we should think about why the accounting systems are frequently challenged? Is the intrinsic binding mechanism of accounting system able to play the role of monitoring effectively?From the point of view of institutional economics, the prerequisites that an institutional arrangement is able to play its binding effect effectively are multi-angled, such as mechanism binding in the form of system, implementation mechanism to ensure the effective functioning of the system, ethical system through the implementation of the consciousness of environmental impact to reduce transaction costs, and so forth. Whether the one consistent with the guidelines of economic man hypothesis is voluntary to follow the implementation of accounting standards is due to whether to make the act of subjective ideas and objective implementation of the economic consequences is to their advantage. In order to prevent accounting fraud and audit failures, in addition to further reform and improve corporate governance, accounting standards and other areas of the fault system and the shortcomings, whether should we also think about the factors other than institutional constraints? Such as Professional ethics or cultural environment? When we search for the effectiveness of the internal adjustment mechanism of the accounting system, how does accounting culture use its flexible binding mechanism to make up accounting "legal" type of rigid management deficiencies?Therefore, in addition to timely revising and improving the standards system, that accounting standards have any real effect on standardizing accounting behavior also needs to improve mechanisms for implementation according to local conditions, as well as constantly improve the system of constraints to cover the loopholes in the accounting system of cultural and moral system.Based on the comparative analysis on the implementation of mechanisms and their characteristics about British and American as well as Chinese accounting standards system, thought of the implementation of accounting standards in our country the shortcomings, this article has introduced the concept of cultural flexible constraints, and learn about the experiences and lessons to improve the enforcement mechanisms of China's accounting standards, so that a harmonious society with ideological and moral standards deepen into the idea for the accounting staff behavior. Improving the quality of the accounting team to train accountants high professional ethics, resolving accounting "legal" type of rigid management deficiencies, Strengthening accounting supervision, as well as improving the quality of accounting information, have important theoretical and practical significance.