财务预测信息虚假陈述的认定

The Confirmation of Financial Forecast Information's Misrepresentation

由于财务预测信息具有明显的模糊性和不确定性,因此,对于财务预测信息是否存在虚假 陈述的判断标准的建立,拟借鉴美国的“安全港规则”和“忠实表达警示文字原则”,即只要预测性财务 信息是基于诚信原则编制,并且编制时所采用的各种基本假设、基本原则、预测目的和范围、编制方法、 基本步骤均属合理性,并对预测信息中可能存在的虚假陈述作了必要的警示,且一旦客观条件变化导致原 先据以作出预测的合理假设、基础发生变化或不存在而使预测信息变得不真实时,已及时披露并且出具更 正信息,那么即使预测信息没有达到预定目标,也不属于虚假陈述行为,不应承担行政责任和民事责任。

Financial forecast information has obvious indistinctness and uncertainty.Therefore, we draw lessons from the USA's 'Safe Harbour Provisions 'and 'bespeaks caution doctrine' to set up the judging standard about whether there is misrepresentation of financial forecast information.That is to say, as long as the forecast information disclosure is based on honesty principle and the basic hypothesises and principles, the purpose and scope of forecast, the method and procedures are all reasonable. What's more, there is necessary warning of the possible misrepresentation of forecast information, and once the basic reasonable hypothesizes,foundation change or don't exist since the objective condition changes, the forecast information becomes unreal. If it is disclosed and the correct information is published in time. Then, even if the forecast information doesn't reach the predetermining purpose, it is not misrepresentation behavior, and it shouldn't take administrative and civil responsibility.