| The problem of accounting information distortion has received close attention from the international community and still remains to be solved. Wide and continuous discussion has been held among governments, researchers and practitioners. In our opinion, it was partly attributed to deficiencies of corporate governance in China. This paper first reviews the concept of corporate governance and the evolution and development of quality requirements of accounting information. It points out that transparency is a comprehensive definition of quality requirements and is developed from the traditional ideas. Next this paper develops a theoretical analysis on the relationship between corporate governance and the quality of accounting information from the internal and external aspects of corporate governance. It concludes that high-quality information plays a critical role in improving corporate governance and meantime corporate governance is the fundamental assurance of information quality. Based on this conclusion, the paper continues to analyze the deficiencies of corporate governance of listed companies in China and the corresponding effects on the quality of accounting information. At the end are advices and measures to improve corporate governance with the hope to find out a different perspective to improve the accounting information quality of listed companies. |
