On The Safeguard System Of Financial Reporting Information Quality

The financial reporting information is the important component of capital market information, and is the alternative variable of external users'economic decision. However, the occurrence of a series of financial fraud all over the world seriously inspired the public confidence to the financial reporting. In our country, financial reporting information quality is also unoptimistic. How to construct a reasonable safeguard system of financial reporting information quality to promote financial reporting information quality has been a worldwide difficult problem.At present, the accounting environment, accounting standards, relative laws, regulation of financial reporting, the ability of certified public accountant, the corporate governance structure and so on have many flaws in our country. The existing safeguard system of financial reporting information cannot guarantee the high quality of financial reporting information.With the help of contract theory, principal-agent theory and information asymmetry theory, this paper carry on the theoretical analysis to the production of financial reporting information, and introduce the content of financial reporting information and the factors influencing financial reporting information quality. Based on the existing research, the author divides the quality standards of financial reporting information into three parts: the standards of financial statement information quality, the standards of other financial reporting information quality and the standards of financial reporting disclosure quality. Beginning with the internal environment and the external environment, the evaluation standards of financial reporting information quality, this paper has analyzed the content of the safeguard system of financial reporting information quality. Then, this paper introduced the evolution of safeguard system of financial reporting information quality of main national and the organization in the world including our country.In order to improve the financial reporting information quality, we must make the improvement to the safeguard system of financial reporting information quality in our country. Beginning with the quality control during the process of processing, production, auditing, disclosure of financial reporting information and the institutional arrangement of relative mechanism assuring these processes work effectively; this paper reconstructed the supply chain of financial reporting in order to clear the mistake about the supply and demand of financial reporting information. Meanwhile, in order to...