Research On Violation Of Accounting Information Disclosure Of Qianshan Pharmaceutical Machinery

In recent years,with the acceleration of the pace of economic development,China’s economic system and market system have gradually begun to integrate with the world,and the government departments’ supervision of the market has become more and more standardized.However,due to the existence of information asymmetry,listed companies tend to process the information that needs to be disclosed in accordance with the regulations and gain the trust of the majority of investors by taking advantage of information advantages for the purpose of profit seeking,so that all kinds of accounting information disclosure violations in the market are repeatedly prohibited.In this context,this paper uses the theory of information asymmetry,principal-agent ethics and Gone theory to preliminarily understand the theoretical reasons for the existence of accounting information disclosure violations of enterprises,and summarizes the existing relevant literature to understand the current research results and research status of accounting information disclosure violations of enterprises in China.To the founding of qianshan mountain medicine machine listing and delisting,surviving nearly 20 years,is known as a leader in the field of medical apparatus and instruments,in the accounting information disclosure violations,illegal means,last long,participants,involve large sums of money involved,thus punished by the China Securities Regulatory Commission,the relevant personnel have also been given the markets sanctions,has strong representative and research value.Therefore,this paper takes Qianshan medicine machine as the research object,specifically analyzes the motivation and reasons of its information disclosure violations,and puts forward corresponding governance suggestions.In this paper,the motivation and reason analysis of accounting information disclosure violations of Qianshan Machine is mainly based on the Gone theory,that is,the motivation of the violation is considered from the individual level and the company level,and the reason of the violation is analyzed from the internal governance defects of the company and the weak external supervision.In order to pursue profit maximization and personal career success,Liu xianghua,the chairman and actual controller of Qianshan Pharmaceutical Machine,led a series of merger and expansion behaviors of the enterprise together with other actual controllers,which made it difficult for the subsequent operation and management of the company to keep up with the pace of expansion,and the company’s capital chain broke.At the corporate level,it is mainly due to the company’s difficulties in capital turnover and a large number of overdue debts.In order to create a good operating state,it is not allowed to increase profits by fictitious income and other means,thus accounting information disclosure violations occur.The defects of the internal governance mechanism and the weakness of the external supervision force provide opportunities for the occurrence of unreasonable behaviors at the individual level and the company level.In view of the motivation and reasons for the above violations of Qianshan Pharmaceutical Machine,we put forward the following governance suggestions by referring to various aspects:First,the company should optimize the behavior of the enterprise management from multiple perspectives,such as establishing a reasonable performance appraisal system and promoting the democratic decision-making system of all staff;Secondly,the internal governance structure of the enterprise should be optimized,including optimizing the ownership structure,establishing and improving the risk assessment system,and strengthening the functions of independent directors,so as to improve the company’s appointment mechanism,strengthen the checks and balances of power and internal supervision.Finally,we should give full play to the regulatory role of external regulatory agencies,not only to improve the timeliness of supervision,but also to strengthen the punishment of illegal acts.The above suggestions are helpful to start from internal governance and external management at the same time to reduce the probability of illegal behaviors in enterprise information disclosure.