Cooperation and Promotion of Information Resources in Science and Technology, International Conference on (2009)
Nov. 21, 2009 to Nov. 23, 2009
In China, many domestic scholars and social personnel have been concerned with the relationship between the quality of accounting information and corporate governance, since the global financial crisis started from the Wall Street. This paper displayed a literature review of the accounting information quality in China. It illustrates that the main reasons for poor quality of accounting information in China are the lack of independence of the Board of Directors, the Board of Supervisors and the external auditors. As well, the ineffective incentive mechanism and unsophisticated external macro-environment have worsened the financial situation. It should be mentioned that the improvement of the quality of accounting information requires broad participation: strengthened supervision, an increased proportion of independent directors, various forms of ownership design, sound professional management governance system, reinforced external auditors and advanced information technology.
accounting information quality, corporate governance
W. Lu and Z. Yu, "Literature Review of the Accounting Information Quality in China," 2009 Fourth International Conference on Cooperation and Promotion of Information Resources in Science and Technology (COINFO 2009)(COINFO), Beijing, 2009, pp. 194-197.