Research On The Financial Restatement Of SW Company

In recent years,the phenomenon of financial restatement has become increasingly frequent and intensified.The number of listed companies with financial restatements increases annually,but the share of companies with financial restatements in all listed companies is not very large.Because of the randomness and non-standard of financial information disclosure of listed companies,adjusting profits has become the main theme of supplementary items of listed companies.Therefore,the study of this phenomenon is very meaningful,and a large number of financial restatements have been found both at home and abroad.The rapid development of the economy has brought vitality to the capital market.Improve the capital market management system,improve the quality of information,facilitate investors to make investment decisions,in which the accuracy of financial reporting information is the first step for investors to understand the relevant information of enterprises.However,in real life,business managers adjust the published financial report information through accounting corrections and accounting errors for their own purposes,resulting in investors making wrong decisions,which is not conducive to the allocation of market resources.Since the capital market has become the main means of financing,financial restatements have occurred frequently.In order to achieve the purpose of financing from the capital market smoothly,managers refract the imbalance of corporate governance.Invalid and unequal market information misleads investors to make wrong investment decisions and makes investors lose confidence in the market.Therefore,maintaining an orderly market order and improving the quality and symmetry of market information are the basis of investment behavior.The first part is the basic theory of financial restatement.At first,it synthetically paves the way for the relevant conceptual information of financial restatement,and then reviews the relevant theories of financial restatement,providing the relevant theoretical support for this analysis.The second part is the case description of SW company.This paper first introduces SW Company,then explains the announcement and restatement of SW Company,and points out the existing problems of financial restatement of SW Company.The third part is the analysis of the causes of SW company's financial restatement.This week discusses the origin of financial restatement behavior of listed companies,the relationship with financial data,the company's internal governance environment,financial information and internal governance of the correlation between many aspects of analysis,from equity,internal control,market and other aspects of discussion.The fourth part puts forward reasonable suggestions on how to standardize the management of financial restatement in China's market mechanism.From the perspective of corporate governance,this chapter analyzes the internal management of the company combined with the external market environment,improve the relevant policies to reduce,so that the securities market flourishes.