TEDA's Financial Restatement Research

With the development of the economy,the capital market is becoming more and more mature,and listed companies face higher requirements and higher challenges in terms of information quality.In recent years,the financial restatement of listed companies in China has occurred frequently,and the information quality of listed companies has attracted much attention.Financial restatement refers to the behavior of a listed company to restate the errors in the financial report published in the previous period.This restatement behavior may have a negative impact on the enterprise more or less,and will affect the judgment of investors,which in turn affects the operation of the capital market.There are two situations in financial restatement.One is the financial restatement caused by the unintentional error of the enterprise,and the impact of such production will be relatively small.The other is the financial restatement caused by the deliberate behavior of the enterprise(such as: earnings manipulation).Such restatements can have relatively serious consequences.The most critical study of financial restatement is to analyze the causes of the occurrence of financial restatements and to explore deeper issues from this representation.This paper selects 354 companies in the 3,3 companies of the Shenzhen Stock Exchange and the A shares of the Shanghai Stock Exchange,which have financial restatements from 2013 to 2017,as a sample to analyze the current status of financial restatement of listed companies in China from different angles.In the classic case of shares,TEDA shares were issued by two accounting firms for negative audit opinion audit reports for two consecutive years in 2013 and 2014.At the same time,because they did not perform other duties according to law,the information disclosure was false or seriously misleading,and was listed by China Securities.Administrative punishment of the Tianjin Securities Regulatory Bureau of the Supervisory Committee.Overview of the framework of this article:The first part,the introduction part,briefly describes the research background and significance of the research;and the current research status of the subject at home and abroad.The second part,the financial restatement overview,finds the connotation and extension of the concept of financial restatement by querying relevant literature and materials,and studies the purpose of financial restatement and the related influencing factors from the analysis definition.The third part,the status quo of financial restatement of listed companies in China,analyzes the selected samples,analyzes them from different angles,and reflects the current status of China's current financial restatement as comprehensively as possible.The fourth part,the case analysis of TEDA shares,this part is also the core part of this article.Firstly,the basic information of TEDA's profile and business scope,as well as a brief description of the financial restatement of TEDA Stocks;secondly,the analysis of the financial restatement of TEDA shares from four different perspectives;A summary of the impact on TEDA shares.The fifth part,case enlightenment and suggestions,through the analysis of the special case of TEDA shares,links to the current status of listed companies in China,and proposes relevant suggestions for the motivation analysis of the fourth part.The advantage of this paper lies in the combination of theoretical combination and data analysis,which can roughly reflect the status of financial restatement of listed companies in China,and also propose corresponding rectification measures.There are still many shortcomings in this paper,especially in the selection of samples,the research period is short,the research period is short,the status of financial restatement of listed companies in China cannot be fully comprehensively analyzed,and the information obtained during the analysis of cases is limited,resulting in insufficient analysis.Thorough,this is a pity.