Sarbanes-Oxley Act And The Recognition Of Accounting Liability

Although the accountability system has been founded and developed in most of enterprises nowadays, there still exist some inevitable problems in performing the rules, such as improper boundary of accounting liability, the unclosed subject, the rough criterion and so on. In recent years accounting fraud cases had emerged in several countries, especially the accounting fraud case of the public company in American, which had an influence on our social life. So American congress legislated the Sarbanes-Oxley act in 2002, which intention is to protect the benefit of investors. The act has strengthened the accounting liability of the company from several facets, and it made a brand-new idea for the accounting liability of the world.The present thesis makes some suggestions on accounting liability of our company based on the research and practice on accounting liability and on the reformation of the Sarbanes-Oxley act, at the time it combines these with our status in quo. In order to improve the system of the accounting liability, the author points out that we should make the principles of accountability from the following four aspects: the identify foundation and the criterion, the method of its escapism and the structure of the new model about the accounting liability and so on. In order to better the system of accountability of our country, on the basis of the recognition of the accounting liability, the author suggests that we should set up the arbitration for accountability, found a learned society for recognition of accountability, and organize a commission for morality of accountability and make full use of "the third institution" and so on. The object of the thesis is to improve accounting liability of our company, to ensure the quality of the accounting information and to evade accounting fraud, so that we can boost up the economy of our country.