A Study On The Violation Of Accounting Information Disclosure Of Private Listed Companies In China

With the vigorous development of the securities market and the country's incentive policy for the securities market,more and more companies aim to increase their market value by means of listing.While the number of listed companies has increased,more and more problems have also been exposed.Among them,many companies have been punished by the Securities Regulatory Commission for accounting information disclosure violations,such as Wanfushengke,Wanjiang Logistics,Longwei Media and The latest self-reported private listed companies such as Ruixing Coffee were all pointed out to have violated accounting information disclosure regulations.Based on this,in order to regulate the accounting information disclosure market,the China Securities Regulatory Commission has revised the content and format of accounting information disclosure many times in recent years.Since the beginning of this year,the new securities law has set up a new chapter on information disclosure,which has made more additions and deletions to the old securities law,which has highlighted the status of information disclosure.The relevant departments of the CSRC have omitted false records of relevant matters and important matters Misleading statements and other types of information disclosure violations are the focus of inspection and enforcement.Previous research on accounting information disclosure violations focused on analyzing the impact of internal corporate governance of listed companies and the quality of accounting information disclosure.From all aspects of the internal governance structure of listed companies,empirical research on accounting information disclosure was conducted separately.There is no systematic analysis of typical cases for systematic analysis.In addition,the current literature on the impact of corporate governance and accounting information disclosure,the existing literature is only in the narrow sense of corporate governance to study the accounting information disclosure for accounting information disclosure problem.Therefore,this article starts with the most typical case in recent years-Huaze Cobalt and Nickel Violation.Based on the principal-agent theory,information asymmetry theory and fraud triangle theory as the theoretical basis,according to the violation of the accounting information disclosure of listed companies,accounting information disclosure The reasons for violations,the economic consequences of violations of accounting information disclosure,and countermeasures for violations start from an analysis path.From the perspective of corporate governance,wesystematically explore corporate governance accounting from the internal governance structure and external governance mechanisms of listed companies in China The impact of violations of information disclosure regulations,and finally put forward relevant recommendations.Through the study of this article,relevant research findings can be obtained:(1)Among the private listed companies in China,for the internal governance structure of the company,there is often too much concentration of equity,the board of directors is controlled by large shareholders,and the board of supervisors can not play For the effective supervision function,there are major defects in the internal corporate governance structure of listed companies that make it possible for false disclosure of accounting information.For the external governance mechanism of the company,the external product environment brings performance and financing pressure to private listed companies.Intermediaries cannot maintain their independence,cannot be diligent and conscientious,and the punishment of government regulators is relatively small.They all give private listed companies financial fraud and disclose false accounting information.(2)Improve the internal corporate governance structure of listed companies,as well as the external regulatory agencies of listed companies,and improve the relevant laws and regulations of China to help improve the quality of China's accounting information disclosure.