A discussion on accounting information disclosure under new business accounting law

• Main Authors: Nan-Ting Chen, 陳南廷
• Other Authors: Yin Chin Inge Chen
• Format: Others
• Language: zh-TW
• Published: 2016
• Online Access: http://ndltd.ncl.edu.tw/handle/59898448744630151520

碩士 === 中原大學 === 財經法律研究所 === 104 === Business Entity Accounting Act (“BEAA”) is a fundamental law of Taiwan, and this is the highest-level law concerning business entity accounting to abide by. In law enforcement of economic crime, most penalized cases relate to disclosing false accounting information under the BEAA. The level of influence is pervasive and it is necessary to research further. In response to recent international trends, the BEAA has been thoroughly amended to make it compliant with the International Financial Reporting Standards (IFRSs), the purpose being to synchronize the content and application of Taiwan’s BEAA with practices of other countries around the world. It is beneficial to increasing the transparency and comparability of balance sheets. This study discusses and analyzes laws related to disclosure of accounting information under the BEAA and reviews whether the newly amended law is consistent with the spirit of IFRSs. In addition, this study collected judicial decisions regarding false disclosure of accounting information in Taiwan to gain a fuller understanding of court opinions regarding economic crime. This study also introduces, assesses, and reviews representative cases to determine whether in actual practice the BEAA does attain its legislative purposes. This study also categorizes the various ways of false disclosure of business entity accounting information, analyzing Taiwanese court decisions from various angles to assess the feasibility and efficacy of developing a legal structure for this issue. It is hoped that the points discussed in this study contribute to the enhancing of related legal norms. Finally, this study presents several suggestions for the current BEAA to contribute to smoother communication between the legal and accounting professions.