创业板上市公司会计信息披露监管问题研究——以“万福生科”为例

Research on Supervision over Accounting Information Disclosure of Listed Companies on GEM:a Case Study of Wanfu Biotechnology

自创业板市场建立以来,上市公司粉饰业绩,违规披露信息等行为时有发生。"万福生科"虚构收入、伪造业绩、隐藏重大事项等财务会计信息造假行为,折射出我国现行证券监管机制的低效,反映出上市公司内部失控,证监部门未尽职责、中介机构不能有效作为等一系列问题。完善创业板上市公司的会计信息披露监管,政府应以深化金融证券体制改革为重心,加大对上市公司信息造假的惩治力度,建立民事损害赔偿制度;加强上市公司的内部控制,提高中介机构的职业水平,完善媒体和社会公众监督机制,以保护投资者的利益,构建有益于创业板市场规范健康发展的市场监管体系和制度安排。

Ever since the second board market was initiated, public listed companies often manipulated performance and disclosed infor- mation violating related regulations. Wanfu cooked the books and this cheating behavior reflects the low efficiency of China＇s oversight sys- tem of securities, the internal out-of-control in public listed companies, dereliction of duties of the security commission, and the ineffec- tiveness of intermediary organs. To improve the supervision over accounting information disclosure of listed companies on GEM, the gov- ernment should stressing on deepening the reform of finance and security system, reinforce the punishment of accounting information fab- rication of listed companies, establish a civil damage compensation system. In addition, public listed companies should enhance their in- ternal control; intermediary organs should raise the professional level; the oversight mechanism of public media and the public should be improved, so as to protect investor interest and build a market supervision system conducive to the standard and healthy development of the second board market.