Research On Accounting Regulation Of Public Companies In China

In recent years,there are a lot of accounting frauds in public companies both at home and aboard. The problem of accounting information distortion has seriously disturbed the development of public companies and the normal order of stock market, and has become a serious issue confronting the accounting profession. The resolution to this issue to a large extent depends on the accounting regulation adapted to the development of public companies. Therefore, the research on accounting regulation of public companies has become the hotspot that current theorists and practitioners pay much attention to together. This study about the above problems has the very big theoretic value and practical significance to the canonical operation of public companies and the effective implementation of the accounting regulation. This thesis carries on the thorough systemic research on accounting regulation of public companies, and through putting forward a number of proposal, analyses and solutions to the problems systematically, the purpose of this thesis is to keep up to improve the accounting regulation of public companies, and to realize the accounting regulation target of protecting investors'interest, so that the standard and effective operation of the stock market of China is to be guaranteed.This thesis is divided into six parts mainly:The first part is the prologue, which illustrates the research background, significance of the thesis, the trains of thought of the research, research approaches and contents, innovation of the research and the domestic and international research status.The second part is the basic theory summary of accounting regulation. It mainly introduces some basic concepts of accounting regulation system, and identifies what is accounting regulation. Then it makes analysis on accounting regulation of public companies by Public Interest Theory of Regulation, Capture Theory of Regulation, Economic Theory of Regulation, and Game Theory of Regulation, expecting to provide theoretic support for the study.The third part is the analysis of mode of accounting regulation in foreign countries and the enlightenment brought to public companies in China. It firstly introduces 3 typical modes of accounting regulation: self-regulation, government regulation and independent regulation, and analyses the strengths and limitations of each one. Then it takes United States, United Kingdom and Japan as types, makes a detailed analysis of the modes of accounting regulation, and then draws the enlightenment for the practice of accounting regulation of public companies in China.The fourth part is the analysis of the current status of accounting regulation of the public companies in China. Based on the analysis of China Aviation Oil incident,Keda Chuangxin incident and Yin Guangxia incident,it makes further expatiation to the situation of accounting regulation in China, and comes up with the principal problems existing in legal laws and rules of accounting regulation, main bodies of accounting regulation and function-mechanism of accounting regulation. It also analyses the profound reasons of these problems.The fifth part discusses the measures to perfect accounting regulation of public companies in China. On the basis of the principal problems mentioned in the fourth part, using the successful experience of developed countries for reference, it presents particular measures to perfect accounting regulation from three aspects, including improving the legal laws and rules of accounting regulation, strengthening main bodies of regulation to bulid a new mode of accounting regulation, and increasing the openness degree of accounting regulation of public companies in China..The sixth part is a summary, including the conclusion of the dissertation and the future study needed.