The Credibility Analysis of Accounting Information of Listed Companies in Hebei

Domestic and international scholars have paid more and more attention to the issue of financial statement fraud in recent years. Through by a lot of mathematic statistic methods, they had built up the variety of identify matrix of financial statement fraud. The accuracy of the main composition predicts matrix created by Mei Guoping and his research team has reached 95%, which is quite a good result in the current domestic studies. So the author decided to use Mei Guoping's predicts matrix in evaluating the credibility of accounting information of listed companies in Hebei. Because of the reformation of the tax law in 2008 and the study result of Mei Guoping in 2006, the author has revised six indexes of 27 in matrix, which are concerned with profit after tax firstly, such as Return of Assets, Net Income/Operation cost, Actual Income Tax Rate, Delta Return of Assets, Delta Net Income/Operation cost and Delta Actual Income Tax Rate. And then the author took 36 listed companies of Hebei as stylebook, collected the amount of their half-year financial statements in 2008 and given the related analysis. At last the author got their credibility ranks. From the analysis result, it can be seen that the credibility of financial statement of listed companies in Heibei is not as good as we thought.