Accounting Standards Quality Assessment

Nowadays as the global economy rapidly develops and closely connected between nations, the financial report become more and more important in leading the resource allotment, so the quality of financial report's information directly influences the effectiveness and rationality of the resource allotment, and brings positive or negative effect to the development of economy and society, as we all know that the information of financial report is produced directly under the guidance of Accounting Standards, so the quality of Accounting Standards that normalize the information of financial report will directly influences the quality of financial report, only the Accounting Standards of high-quality can result in the relevant, reliable, transparent and fair information disclosure, also can it bring about the force that push the effective deployment of society's resources and the rapid development of economy as well as society.In order to improve the quality of Accounting Standards, we need to set up corresponding assessment system. But we lack comprehensive and objective assessment system of Accounting Standards nowadays, so we lack the over-all assurance of Accounting Standards and in the meanwhile, we can't get the feedback information about the execution effect and outcome of Accounting Standards, not to say that we can correspondingly improve the deficiencies of Accounting Standards. So considering that presently we are in great need of a set of assessment system of Accounting Standards, so this thesis starts with the criterion of high-quality standards, explores to set up an overall assessment system of Accounting Standards in three dimensions including standards establishment, contents and execution using the prescriptive research method. In this system the author sets up 10 indexes and gives them corresponding weight, meanwhile the author also sets up 6 grades score, then assesses the quality of our new Accounting Standards (2006) according to the assessment system set before, and finish the score form to find out that there is a long distance between high-quality Accounting Standards and our new Accounting Standards, finally the author brings up the suggestions to improve the quality of Accounting Standards from the above three dimensions on the basis of the defects..