Research on the Quality Characteristics of Accounting Information——Based on the International Convergence Perspective of the IASB “Conceptual Framework of Financial Reporting”

In the "Conceptual Framework of Financial Reporting" released by the IASB in 2018, the accounting objective was changed from dual to single, therefore, the quality characteristics of accounting information has also changed, which illustrates the IASB's preference for decision-making usefulness and relevance as well as the respect of fair value measurement. However, our country still adheres to the dual financial goal, while the fair value measurement is still in the process of development, and the current situation of information disclosure is relatively poor. Therefore, we should adhere to asymmetric prudence. For truthful reflection and reliability, the expression of truthful reflection is better, more reflecting the requirements of the accounting information processing process, human subjective efforts, closer to the goal orientation of accounting standards, and closely related to fair value measurement; reliability is in progress substance over form and verifiability should still be included as a measure of truthful reflection into the characteristics of information quality, so that truthful reflection maintains the core of reliability, and prevent and filter false accounting under the circumstances of immature external supervision and imperfect legal and capital environment information.