Study on the synergistic mechanism between the financial and accounting supervision system and the high-quality development of enterprises

Abstract

In the current economic environment, high-quality enterprise development and its sustainability have been the focus of attention. Considering this, we adopt the financial accounting supervision system as a tool, aiming to explore its synergistic mechanism with high-quality enterprise development through theory and research. Methodologically, we first construct a theoretical model that clearly defines the main components of the financial accounting supervision system and investigates how these components affect the high-quality development of enterprises through the improvement of financial indicators, risk control and information disclosure. Then, we further verify the rationality and validity of the theoretical model through our research by selecting a sample of major listed companies in China and applying a variety of statistical analyses. The results of the study show that the financial accounting supervision system can effectively promote the high-quality development of enterprises, which has a significant impact on enterprise growth, robustness, efficiency, and innovation. As expected, the soundness of the financial accounting supervision system is positively associated with the degree of high-quality development of firms. The findings of this study provide valuable references for policy makers in formulating relevant policies and help to further optimise and improve the financial accounting