证券市场

According to the complexity of accounting information and the ponderance of disservice, earnings management of listed companies is a great problem for investors, supervisors and auditors in capital market.

由于会计信息的复杂性、信息不对称的不可克服性和舞弊危害的严重性，盈余管理成为困扰证券市场投资者、监管者、审计人员，损害证券市场健康发展的一个大问题。

In this thesis,the author expounds preliminarily the meaning,characters and types of securities market.

本文首先阐述了证券市场风险的含义、特征和种类，接着全面衡量了中国证券市场风险。

Facing the fact that the inefficient china securities market, the article analyzes carefully the reason for low contract efficiency from the following aspects such as property rights, insufficient information regulation and the structure of regulation mechanism. What抯 more, the article points out reregulation is a possible way to normalization development of china security market after analyzing the disadvantages of strengthening regulation and deregulation. At length, the thesis paper will discuss the design of reregulation mechanism from the principles of incentive and constraint regulation institution and punishment mechanism.

面对中国证券市场管制低效的局面，本文从产权、信息不足约束以及管制机构治理结构等方面详细剖析了造成管制低效的原因，进而在分析加强管制和放松管制等论点的不足之后，指出再管制是通向中国证券市场规范化发展的可行之路，而且从管制机构激励约束、惩罚原则等方面讨论了再管制实施机制的设计问题。

The results of empirical investigation shows that corporate cost of equity exhibit a tendency of deceasing as the investor protection getting tighter.

本文以1993年至2001年之间我国证券市场进行股权再融资的上市公司为样本，采用时间序列分析方法深入考察我国证券市场不同历史阶段里中小投资者法律保护与公司权益资本成本关系的变化。

Accounting firms in our country also needs to adjust the auditing objective according to the public 's requirement and the changes of auditing environment and put the new auditing model into use to raise auditing efficiency and CPA 's ability to discover the management fraud in order to lower auditing risk and exert CPA 's foreboded role in ensuring the sustainable healthy operation and development of securities market and furthermore exist and develop under the shock of the foreign accounting firms .

我国的会计师事务所也需要根据社会公众的需求和审计环境的变化，调整审计目标，运用先进的审计模式来提高审计效率，提高注册会计师发现管理层舞弊的能力，降低审计风险，更加有效地发挥注册会计师维护证券市场有序运行的作用，确保证券市场持续健康发展，并在外资会计师事务所的冲击下生存和发展，因此，有必要借鉴和应用国际先进的现代风险导向审计模式。

A more detailed discussion on the current corporate governance mode such as the Japanese-German mode and the Anglo-America mode and their individual traits, and advancing into the possible combination and development of these traits from the globalize point From the financial and accounting aspects, the proper monitoring in the processing and disclosure stages of financial information is an essential step, which is the transparency requirement mentioned above.

但要确保信息的公允与中立，依赖于注册会计师、机构投资者等外部监督力量仍有不足，上市公司内部有效的财务治理，方能保障信息的有效性并促进证券市场发展，而证券市场的发展也会对健全上市公司内部财务治理产生压力。

In the history of the development of stock markets in many countries, various kinds of frauds emerge endlessly.

从世界各国证券市场的发展史看，形形色色的欺诈行为在证券市场中屡见不鲜。

At last we set forth three kinds of open stratagems and five policy advices.

影响中国证券市场开放的因素主要有证券市场和宏观经济两个方面。

To establish a well-laid and effective information revelation system for the stock market to prevent accounting information from misleading the public, falsification and missing, which would cause potential damage to investors, countries in the world are maintaining a balance between the rights and obligations of certified public accountants to stabilize the stock market through legislation.

为确保证券市场建立一套完善有效的信息披露制度，以避免会计信息出现误导、虚假和重大遗漏，造成投资人财务损失情况，各国政府无不寻求如何在法律规范上，把注册会计师的权利和责任之间取得怎样的平衡，作为稳定证券市场的重要因素之一。

Rather than focus on ensuring a fair and transparent stock market, China's stock market regulators seem to believe that their job is to ensure that share prices always go up.

而不是把重点放在确保公正和透明的证券市场，中国证券市场的监管机构似乎认为，他们的工作是要确保股票价格一直上涨。

However, as the name（read－only memory）implies, CD disks cannot be written onorchanged in any way.

然而，正如其名字所指出的那样，CD盘不能写，也不能用任何方式改变其内容。

Galvanizes steel pallet is mainly export which suits standard packing of European Union, the North America. galvanizes steel pallet is suitable to heavy rack. Pallet surface can design plate type, corrugated and the gap form, satisfies the different requirements.

镀锌钢托盘多用于出口，替代木托盘，免薰蒸，符合欧盟、北美各国对出口货物包装材料的法令要求；喷涂钢托盘适用于重载上货架之用，托盘表面根据需要制作成平板状、波纹状及间隔形式，满足不同的使用要求。