The Influence Of Financial Restatements From The Background Features Of Listed Company’s CFO

The disclosure of the financial restatement announcement stands for that the listed company of previously published information is incorrect or misleading information. It is a symbol of low quality of the years of accounting information. If investors make investment decisions according to the years of financial reports, it may face the huge financial loss and cause negative effect to the market. It will lead to the financial statements of companies can’t reflect the truth of its operation. Therefore, the financial director has the biggest responsibility. In this background, it affects the important theoretical value and practical significance to study the background features of financial directors.The purpose of this paper is to analyze the effect of the financial reports to the background features of financial directors. In order to improve CFO function for Chinese companies and make the management of the enterprise internal more standardized and effective, we need studying this question.Justice and open information of financial restatements is critical to the impact of the market economy. So this paper preliminary understand the background of financial restatements and features of CFO through related domestic and overseas studies, providing a basis reference to help the investors and creditors to make the right investment decisions. Secondly, it uses fuzzy comprehensive evaluation method to explain the relationship between background features of CFO and financial restatements on the basis of the existing data and related analysis. Moreover, this paper chose Hail Branch Target Company as a case to discuss the restatement of the financial statements matters due to the useless of its internal financial officer, and integrates the features of listed company’s CFO background with the financial restatements. At last, based on the above study, the study makes a conclusion and puts forward policy recommendations to make the users of financial restatements have a correctly view of the relationships between background features of listed company’s CFO and financial restatements, in order to provide a reference for strengthening the internal management of Chinese listed companies.