Research On The Impact Of Preventive Supervision On The Quality Of Corporate Disclosure

The quality of information disclosure has a decisive influence on the healthy development of listed companies and the efficiency of resource allocation in the capital market.The efficient operation of modern market is inseparable from the construction of efficient information disclosure mechanism.But the good information disclosure quality needs to depend on the system and the supervision consummation.In the current market environment,due to regulatory lag and listed companies’ pursuit of interests,financial fraud incidents emerge one after another,such as Kang mei Pharmaceutical,Kang de xin,etc.All these indicate that the information disclosure quality of enterprises in the current capital market is poor.As the cornerstone of the healthy development of the capital market,the information disclosure system is the bottom line of life that we must jointly build and perfect and stick to.Therefore,in order to solve the disadvantages of the post-punishment in the current supervision,the stock exchange and the Chinese Institute of Certified Public Accountants,as the front-line supervision departments in China,have explored the preventive supervision methods.Mainly in advance warning there may be financial irregularities or certified public accountants of listed companies,through exchange information letter or encourage firms to disclose key audit matters to urge the company actively complete real right to change its adding disclosure of accounting information,to ensure good operation in capital market and the interests of investors.As a new attempt,preventive supervision is still in the process of operating mechanism and actual effect.However,the ultimate goal of supervision is to crack down on illegal behaviors of information disclosure.Therefore,this paper chooses preventive supervision and information disclosure quality as the main research direction.Starting from the perspective of preventive supervision,this paper selects key audit matters and inquiry letters as the representative methods,and elaborates the development course and relevant policy background of preventive supervision and its representative methods.First of all,through the analysis of the status quo,it is found that the quality of information disclosure under the current system is worrying,which further indicates the necessity of monitoring the quality of information disclosure.Secondly,this paper mainly uses the method of case analysis to propose cases and explore the impact of preventive supervision on the quality of information disclosure in combination with specific problems.Through the horizontal comparison and analysis of enterprises in the same industry,the case enterprise *ST Asia’s current information disclosure quality is low;After combining the key audit matters,inquiry letter,and the perspective of website information disclosure level,to explore the quality of information disclosure of * ST Jinzhou after preventive regulatory focus on efforts to strengthen the change and influence mechanism of concrete,concluded with the method of preventive regulation can effectively improve the quality of enterprise information disclosure of the conclusion.Finally,based on the conclusions of this study,it provides countermeasures and suggestions for the securities supervision,certificated accountants and corporate governance,other parties to further improve the preventive supervision and improve the quality of information disclosure.Among them,the main suggestions are to gradually take the inquiry letter as a normal preventive supervision means,to form a kind of supervision and timely feedback information by using the active participation and interactive construction platforms of external investors,and to further improve the inquiry letter system of preventive supervision.