Notice of RetractionRestrictive mechanism improvement of accounting professional judgment

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

With the implementation of new accounting standards, there are some misunderstandings in China´s accounting academic circles and practices in the accounting professional judgment. Professional judgments is subject to state laws, facts and evidences, multi- constraints from the enterprise and the management. From the financial reporting point of view, accounting professional judgments should be subject to enterprise supervision and corporate governance, management strength constraints. To produce high-quality accounting information, there must be an institutional guarantee which includes corresponding constraints: an independent audit, internal audit, compensation for distortion and dishonesty, corporate governance reform.