Financial Statements Whitewash of Listed Companies and Its Preventive Measures

DOI

10.2991/iccessh-19.2019.297How to use a DOI?

Keywords

listed companies; financial statement whitewash; preventive measures

Abstract

While economic globalization drives rapid economic development, there are small deviations between the international accounting system and the use standards of various countries due to the rapid growth of transnational corporations, resulting in the complexity of statement verification, and more serious acts of financial statement whitewash. Starting from the concept of corporate financial statement whitewash, this paper analyses the causes and harms of financial statement whitewash. On this basis, it discusses the identification methods of listed companies' financial statement whitewash, and puts forward the preventive measures of listed companies' financial statement whitewash. Finally, a comprehensive summary is made. It is expected that listed companies in China can further standardize their financial statements from the judicial and social supervision aspects, improve the publicity and transparency of listed companies' information, truly eliminate the whitewash of financial statements, and promote the stable development of social economy.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Haijun Kang
PY  - 2019/07
DA  - 2019/07
TI  - Financial Statements Whitewash of Listed Companies and Its Preventive Measures
BT  - Proceedings of the 4th International Conference on Contemporary Education, Social Sciences and Humanities (ICCESSH 2019)
PB  - Atlantis Press
SP  - 1346
EP  - 1349
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccessh-19.2019.297
DO  - 10.2991/iccessh-19.2019.297
ID  - Kang2019/07
ER  -