浅谈关联方交易信息披露规范的外文翻译.docx

浅谈关联方交易信息披露规范的外文翻译.docx

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浅谈关联方交易信息披露规范的外文翻译

外文翻译

原文：

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,thentheoperatingresultsoflistedcompaniestogradually"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:

listedcompaniesandtransactionsbetweenrelatedparties,ifthereisnoconclusiveevidencethatthetransactionpriceisfair,ontheobviouslyunfairtradingpriceofparts,shallbeallowedtoberecognizedascurrentperiodprofitasacapitalsurplusshallbedealtwithandThispartofthedifferencemaynotbeusedtoincreasethecapital,ormakeupthelosses.AstheInterimProvisionsonnon-relatedpartytransactionsisnottoregulate,resultinginanumberoflistedcompaniesbyvariousmeans,theassociationofnon-relatedpartyrelationship,sothattheoriginalrevenuefromrelatedpartiesintofromnon-affiliatedparties,toachievethemanipulationofprofitpurposes.Inaddition,listedcompanieswillbenon-associationofrelatedpartyrelationshipssincethenreplacementofnon-monetaryassets,monetarytransactions:

thefirstnon-correlationofrelatedpartyrelationship,thenanon-monetaryassetexchangetransactions,asthetwodocumentmonetarytransactionprocessing,assetreplacementsoonhadabusinessintoasaleofassetsandacquiredassetsofthetwodocument-monetarytransactionstoevadethe"AccountingStandardsforEnterprises-Non-monetarytransactions"constraints,toincreasethecompany'sprofitswith.

2.Relationshipbetweenrelatedpartiesnarrowthescopeoftheprovisions."EnterpriseAccountingStandards-relatedpartyrelationshipsandtransactionsdisclosedin",thenotgiveacleardefinitionofrelatedparties,gaveonlyastandardtojudgetherelationshipbetweenrelatedparties,namely:

directorindirectcontrol,jointcontrolordirectsignificantimpact;twoormorepartieswiththesubject'scontrol.Butindirectcommoncontrol,significantindirecteffects,withtheundercommoncontrolbetweentwoormoreparties,notasarelatedpartyaccountingstandards;ontheformisnotinfactbelongtotherelationshipbetweenrelatedparties,accountingstandardsonlyinprinciplerequirements,butnospecificrequirements.Definethescopeofrelatedpartyrelationshipstoonarrowforthelistedcompaniesmanipulatedprofitsthroughrelatedpartytransactionhasleftmorespace.

3.Pricingpoliciesonrelatedpartytransactiondisclosurerequirementsistoosimple."AccountingStandardsforEnterprises-relatedpartyrelationshipsandtransactionsdisclosure"requireslistedcompaniesinthenotestofinancialstatements,therelatedpartytransactionspricingpolicyasoneelementoftheirtransactionstobedisclosed.However,thescopeofthepricingpolicy,towhichpricingpoliciescanbeused,differentpricingpoliciesapplytowhichtypesoftransactions,etc.,nottomakeprovision.Currently,listedcompaniestodisclosetherelatedpartytransactionpricingpoliciesvaried,suchastheex-factoryprice,priceagreements,plansprice,contractprice,thewholesalepricesothechoiceofpricingpoliciesarealsohighlyirregular,anddidnotexplainthepricingbasis,withnon-associatedpartytransactionsareconsistentpricingpoliciesandtheamountofWenTithedifference,theresultingpublicright,"AccountingStandards-RelatedPartyRelationshipsandTransactionsdisclosure"disclosurerequirementwidelyquestioned.

4.Disclosureofinformationonirregularlackofeffectivemonitoring.Currently,listedcompaniestodisclosetheactualrelatedpartyrelationshipsandtransactionstherearemoreproblems:

first,incompletedisclosureofrelatedpartyrelationships.Notmanylistedcompanieshaveamajorimpactontheircompaniesorcontrollingshareholderstobedisclosedasrelatedparty.Majorindividualinvestors,keymanagementpersonnelandtheirclosefamilymembersandotherrelatedparties,disclosedlittle.Secondisthetypeofrelatedpartytransactionsdonotgrasptheaccuratedisclosureisnotsufficient.Betweenrelatedpartiessuchastheguaranteeandmortgageasacontingentliabilityonthelicenseagreement,andkeymanagementpersonnelcompensation,transferandotherreceivables,thebasicnon-disclosure. Disclosureofrelatedpartytransactionsstatementistoogeneral,thecurrentfocusondisclosureofrelatedpartytransactionsformalargeextentthedisclosure,anditseconomicsubstance,therationalebehind,theproductionandoperationofthepartiestothetransactionandtheextentofcurrentperformanceofthesubstancedidnotmakedisclosure.Third,thedisclosureofrelatedpartytransactionsambiguouscontent,suchasthetypeoftransaction,thetransactionelementsofthedisclosure,orunderstatement,orincomplete,sothatusersoffinancialstatementscannotbeclear,accurateaccountinginformation.4isafraud,inordertomisconduct.Allthis,yetthelackofrelevantrulesandregulationstoregulateandcontrol.

Third,disclosureofrelatedpartytransactionsonthenormativeSuggestions

1.StockExchange'sregulatoryroletoplay.StockExchangelistedcompanytodisclosethecontentsoftherelatedpartytransactionsshouldhavethepowertoexamine,fromtherelevantlawsandregulationstostandardizethesystem.Establishgovernmentregulation,industryself-disciplineandsocialsupervisionTrinityregulatoryframework.Informationdisclosureinthesecuritiesmarketregulation,inthesametimeimprovetheabilityofgovernmentregulation.Governmentregulationshouldbeestablished,industryself-disciplineandsocialsupervisionTrinityregulatoryframework.

2.Establishandimprovelawsandregulationssafeguardingtheinterestsofsmallinvestorsinthesystem.Forrelated