Research On The Quality Of Accounting Information Disclosure In NEEQ Market

The National Equities Exchange and Quotations Market was built to solve the problem of financing for small and medium enterprises,which has a great significance for establishing a multi-level capital market system.Since the expansion of the new board in 2013,the NEEQ market makes a rapid expansion of the scale.At the same time,the violations of accounting information disclosure are increasing,which destroyed the correctness of the investment decision-making by investors and the healthy development of the NEEQ board.Therefore,in order to improve the quality of accounting information disclosure and maintain the orderly development of the NEEQ market,it is necessary to systematically analyze and study the quality of accounting information disclosure in the NEEQ market.Based on the specific description of the special characteristics of the new board and its accounting information disclosure system,this paper describes the development of the NEEQ market from 2014 to 2016,and analyzing the development of the NEEQ market from five aspects--normative,validity,accuracy,perfection and timeliness,itemizing the problems of accounting information disclosure quality.In order to look into the causes of the quality issues,this paper goes a step further to analyze the three cases of Tangbei Electroceramics Electrical Cc,Modern Agricultural Equipment Co and Shen Xian Yuan Ginseng Co.In order to use the experience of other countries for reference,this paper also sums up the main points of mature experiences of accounting information disclosure in American OTC capital market.Finally,the paper puts forward some suggestions to improve the quality of accounting information disclosure in the NEEQ market.This paper argues that in order to improve the quality of accounting information disclosure in the NEEQ market practically,we should take actions from both angles,microcosmic and macroscopic.From the micro level,the NEEQ market enterprises should improve the corporate governance mechanism constantly,maintain a reasonable ownership structure,guarantee the effective implementation of the management system,and establish of its annual report error accountability system.At the same time,the enterprises should pay attention on training corporate finance personnel to increase their professional quality,stock transfer company or the host broker could consider the appropriate training courses.At the macro level,a information disclosure system,which has the features of the NEEQ should be established,making different standards of accounting information disclosure for the enterprises in the basic level and the innovation level,strengthening the guidance of the voluntary disclosure of accounting information,and also intensifying the accountability system of the sponsor broker.