浅谈关联方交易信息披露规范【外文翻译】Word文档下载推荐.docx

浅谈关联方交易信息披露规范【外文翻译】Word文档下载推荐.docx

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Discussionofrelatedpartytransactioninformationdisclosurenorms

Atpresent,therelatedpartytransactionsoflistedcompaniesiswidespread,manylistedcompanyhasbecomeanimportantpartofbusinessactivities.Intheory,relatedpartytransactionsareneutralareasoftheeconomy,marketbehaviorisneithersimple,nor"

blackbox"

trading.Itsmainroleistomakefulluseofinternalresources,lowertransactioncosts,improveoperationalefficiencyandachievethecompanygoalofcapitaloperation.However,becausethepurposeofrelatedpartytransactionsandformsthemainbodybythemicro-economiccontrol,soinpractice,manylistedcompanies,relatedpartytransactionsnotinthefreecompetitionundermarketconditions,butcontrolledbylargeshareholders.Particularlyinthelawsandregulationsarenotperfect,assessmentandauditingroleofintermediarieshasnotbeenfullyplayed,accountingpractitionersarenothighqualitycase,relatedpartytransactionseveneasiertobecomepartoftheadjustmentofprofitsoflistedcompanies,themeanstoevadetax.Thisresultedinvaryingdegreesofdistortionofaccountinginformationandmisleadinginvestorsinvestmentdecisions.

First,theexistenceofrelatedpartytransactionsinquestion

Whilecertainrelatedpartytransactionsareconductedinpublic,butinmanycases,relatedpartytransactionsisnotbasedonafairandimpartial,buttoglossovertheparty'

sfinancialpositionandoperatingresults,toachievesetagoodcorporateimage,toappeasethecreditors,incentivesofinvestors.Obviouslyunfairrelatedpartytransactions,mainlythefollowingaspects:

1.Adjustmentofprofits.①Thefavorabletransferpricingandfalsesalestotheinflatedprofits.Iflistedcompanieswellbelowthemarketpriceofrawmaterialspurchasedfromrelatedpartiesorstockmerchandiseon,heisfarabovethemarketpriceofthesaletorelatedparties,thelowprices,thentheoperatingresultsoflisted

可编辑

companiestogradually"

brilliant"

getup.②profitsthroughassetreplacementregulation.Assetsbetweenrelatedparties,theperformanceintheformofunequalexchange:

onerelatedpartytopurchasequalityassetsatlowpricestolistedcompaniesandlistedcompaniesornon-performingassetsofunequalexchange;

twonon-performingassetsoflistedcompaniesandrelateddebtequaltotherelatedpartystrippedtoreducethefinancialcosts,enhanceprofitability;

threelistedcompaniesthemarketpricemuchhigherthanthesaleofbadassetstorelatedpartiesinordertoobtainsignificantdisposalgains.

2.Shifttheburdenofdebtandcosts.Betweenrelatedpartiesbearthedebtandcosts,mainlyinthefollowingseveralforms:

①theotherpartytorepaythedebt;

②theotherpartytopaythepurchaseprice;

③paytheotherparty;

④otherwisetheotherpartytoincurobligationsandcosts.

3.Transferoffunds.Bylistedcompaniesareoftenhigherorlowerthanthemarketprice,sellinggoodstorelatedpartiesortoprovideservicestoachievethepurposeoftransferoffunds.Inaddition,listedcompaniesandfinancialexchangesbetweenrelatedpartiesandlendingarequitecommon,althoughbusinesslendingtoeachotherbetweentheactsnotpermittedbytheregulations,buttherelatedpartytransactionsandthelendingoffundsbetweenthetwoisdifficulttostrictlydistinguishbetween,andthemethodwasnotresponsibleforthepublic.

4.Reducethetaxburden.Reducethetaxburdenthroughrelatedpartytransactions,themaintwothings:

First,theprofitsofprofit-makingenterpriseswillbetransferredtotheloss-makingenterprises,tominimizethetaxburdenonthewholegroup;

secondistheuseofdifferententerprisesindifferentregionsandtaxincentivestaxprovisionsofthedifference,theprofitstolowtaxorevenmorepreferentialtaxpoliciesrelatedparty.

Second,thelimitationsoftherelevantlawsandregulationsbinding

1.Difficulttocontroltherelatedpartyrelationshipbetweenthebehaviorofnon-associated.Inordertotrulyreflecttheeconomicsubstanceofrelatedpartytransactions,promulgatedthe"

saleofassetsbetweenrelatedparties,suchastheProvisionalRegulationsonAccountingTreatment."

Thecentralelementis:

listed

companiesandtransactionsbetweenrelatedparties,ifthereisnoconclusiveevidencethatthetransactionpriceisfair,ontheobviouslyunfairtradingpriceofparts,shallbeallowedtoberecognizedascurrentperiodprofitasacapitalsurplusshallbedealtwithandThispartofthedifferencemaynotbeusedtoincreasethecapital,ormakeupthelosses.AstheInterimProvisionsonnon-relatedpartytransactionsisnottoregulate,resultinginanumberoflistedcompanies