Lack Of Accounting Credibility And The Ethical Governance In Our Country

In the process of social transformation in China, due to the driven of economic interests,all walks of life have appeared the problem of lack of credibility in different degree.Credibility is the basic requirement of the accounting professional ethics in our country; it isthe value orientation during the accounting works. With the rapid development of the socialistmarket economy in our country, the problem of accounting credibility has became more andmore prominent. The lack of credibility problem in the accounting field has restricted the fastand stable development of economy, disrupted the normal operation of the market, andcaused serious harm and consequences. Therefore, to strengthen the construction ofaccounting credibility and the comprehensive treatment is imminent.There are several reasons lead to the lack of accounting credibility, including individualgovernment departments lack enough good faith; some of the legal systems are not complete;lack of social credit platform; the cost of dishonesty is too low; individual accountingpersonnel’s moral quality is not good; the supervision of the supervision department is poor.To solve the problem of the absence of accounting credibility, we should research and analysisall the aspects, and tackle it in a com prehensive way. Ethical governance plays a role mainlydepending on self-discipline and heteronomy jointly. Self-discipline, refers to thespecification that is inherent and abided by people. Heteronomy, refers to the specificationthat is outside and must abided by people in force. During the ethical governance of lackingaccounting credibility, self-discipline and heteronomy are complementary to each other, andboth of them are indispensable. In the aspect of self-discipline, we should strengthen theself-discipline of accounting personnel and accounting industry; in the aspect of heteronomy,we should strengthen the construction of moral credibility system, perfect the laws,regulations and the supervision system, strengthen the degree of punishment.