The Research On The Validity Of Accounting Information Disclosure Of Listed Companies In China

Securities market has played a decisive role in raising funds, enhancing the efficiencyof resource allocation, as well as optimizing the economic structure. Accountinginformation is the most important part of the securities market, the investors understand thecompanies’ financial conditions and operating results from the accounting informationdisclosure of the listed companies, and then make the investment judgment anddecision,so enhancing the validity of accounting information disclosure of the listedcompanies is conducive to the transparency of the market, maintain the operation orders inthe securities market,reduce the information asymmetry and promote the securities markethealthy and stable development.Currently,the validity of the accounting informationdisclosure of the listed companies is in a poor condition.Therefore, research on the validityof accounting information disclosure in China has a great practical significance.This paper draws on the basis of the research results home and abroad, combines thenormative and empirical research methods, so as to study the validity of accountinginformation disclosure of listed companies in China, there are many problems of theaccounting information disclosure,such as the inadequate, untimely, not accuracy andcompliance.The paper introduce the theoretical basis of the accounting informationdisclosure,and then give five principles as a standard to evaluate the validity of accountingdisclosure of listed companies, analyze the internal and external impact factors of thevalidity of the accounting information disclosure: imperfect corporate governancestructure, not strict supervision of regulatory department. According the impact factors thepaper puts forward some corresponding countermeasures: improve the corporategovernance structure from the Board, the Board of Supervisors and shareholdingstructure,regulatory department give strict supervision and administration,such asimprove the system of accounting information disclosure regulation.