The Study Of Influences Of Corporate Governance On Accounting Information Distortion Of Listed Company

More than seventy percent of information disclosed by listed companies is theaccounting information, and accounting information is the source of main reference by whichthe general investors and other stakeholders to measure the value of listed companies. If theaccounting information distort, a local or global financial crisis may be caused, the Enron andStone events is a profound lesson. Recently how to make most investors, CPA, the relevantregulatory departments and other stakeholders have a pair of eyes to identify the act offinancial fraud have become a hot topic. Before accounting information of listed companies isdisclosed, the information must go through the supervisory review of internal and externalgovernance institutions, so a sound corporate governance mechanism is an importantguarantee of the quality of accounting information. Therefore, this paper considers thecorporate governance structure of as the starting point of the study, so as to researchempirically how to identify the Public Company Accounting Information Distortion. Finallyan effective identification model is established to judge whether the accounting information isfalse.The selected companies must meet the following conditions, the time of punishmentform the CSRC and the stock exchange is between2005to2011, and information disclosureirregularities (false information disclosure, seriously misleading statements or majoromissions) exist in the annual report,43A-share listed companies are selected as samples, and43the companies that accounting information is real are selected as the paired samples, thepaired samples must meet the requirement that the industry distribution and scale isconsistent.Logistic regression recognition model and Discriminate analysis recognitionmodel are conducted from the ownership structure, board of directors, managers and board ofsupervisors, stakeholders and external audit. In addition,the two models can identify theexistence of the distortion of accounting information and have different identificationcapability.The research results show that multiple discriminate model and Logistic regressionmodel have better recognition effect, the recognition rate of multiple discriminate model is79%and the Logistic regression model recognition rate is72.8%, the former predictive ability ishigher than that of the latter. Finally, according to the conclusions of the empirical analysis of this article, some advices are given to improve corporate governance structure and reduce thedistortion of accounting information from happening.