Study On Violation In Accounting Information Disclosure Of SD Company

In recent years,the regulatory environment of China’s capital market has been continuously optimized,and the information disclosure system has been gradually improved,but the irregularities of accounting information disclosure of listed companies are still repeated.Such problems affect the image and reputation of enterprises,and at the same time,greatly hurt the economic interests of investors,affect the order of the capital market,and seriously hinder the benign development of the economy.Since the implementation of the registration system reform,the whole process of issuance and listing has become more standardized,transparent and predictable.It is no longer limited by the substantive threshold of the approval system,and the market has a greater degree of choice.The registration system implements the concept of information disclosure as the core,and the regulatory authorities will no longer judge the investment value of enterprises,but it also means that the market will have stricter requirements on the quality of information disclosure.In this context,this thesis chooses Fujian SD Group Co.,LTD.(hereinafter referred to as "SD Company")as a typical case to analyze the violation of information disclosure.In 2022,it was verified by China Securities Regulatory Commission that there were false records in the 2018-2019 annual report of SD Company,and before this,SD company had repeatedly violated the issue of information disclosure.Through literature research method and case analysis method,the author analyzed the motivation of illegal disclosure of accounting information of SD company based on the financial reports disclosed over the years,announcements issued by China Securities Regulatory Commission and other relevant materials and industry background.According to the research,the greedy factor of the information disclosure violation of SD company is mainly the self-interested behavior of the management to pursue the maximization of their own interests and the blind expansion of the diversified development strategy.The main opportunity factors are the financial accounting is not standardized,the incentive mechanism is backward resulting in brain drain,the implementation of effective audit procedures,cash flow rights and control rights separation;Demand factors are mainly the variability of industry environment,the pressure of market competition and the pressure of performance commitment of subsidiaries.The main exposure factors are the imperfect punishment system for information disclosure violation and the insufficient punishment.In view of the above information disclosure violations and motivations,this thesis puts forward suggestions on SD company from four aspects: strengthening internal control system construction,optimizing SD company’s corporate governance structure,improving SD company’s corporate strategic planning,and strengthening the seriousness and effectiveness of external supervision.It is hoped that the research content of this thesis can be a supplement to the literature on accounting information disclosure violation.For other listed companies,in order to effectively avoid the occurrence of violations of information disclosure,from the internal perspective of the enterprise,it is suggested to optimize the corporate governance structure,corporate strategic planning and internal control system.From the external environment,it is suggested to improve the relevant regulatory regulations,strengthen the punishment for listed companies’ violations,and promote the quality of information disclosure of listed companies.