On Government Control of Accounting Information

As an important form of resources with special social value, accounting information plays a special part in regulating the relationships between different parties and promoting the effective distribution of capital resources. However, it has its own limitations and defects, which are caused by the fact that it is a form of public commodity external to the market mechanism and is unsymmetrical as a form of information. The solutions to these problems lie in government control over the quality, behavior and supply-demand relation of accounting information. It is held in this paper that government control over accounting information is not only necessary but also possible. Only in this way can the realness and reliability of information, and fair, effective and reasonable distribution of information, be safeguarded.