【正文】 of market economy。 in the aspect of social supervision, social intermediary organs and auditing institutions cannot fully execute effective supervision owing to the requirement for profits to cater for requirement of listed panies。 in the aspect of government supervision, government supervision cannot make predicted achievements caused by reasons such as limited human force quantity amp。 quality, imperfect policy and outdated law enforcement, etc。 internal auditing of enterprises refers to auditing activities, which are intended to guarantee the fully implementation and execution of related national accounting laws and regulations inside the enterprises. Listed panies possess their own auditing departments, which make them lack of independency in auditing work enforcement and they play insufficient role in supervising self accounting credit absence. Internal auditing departments in some listed panies exist only in names without showing any self restraining power and they cannot execute supervision over the transparency of their accounting behaviors and internal supervision system cannot be effectively implemented. Lack of punishment over pany39。s accounting credit absence The unhealthy supervision system leads to the shortage in the precaution and punishment over pany39。s accounting credit absence and distortion in accounting information bees more and more worse, which is mainly represented in width and depth. From the aspect of width, lack of social supervision and government supervision makes it almost impossible to disclose accounting credit absence, which makes related personnel and listed panies short of credit take risks and lead to the distortion of accounting information in securities market or make accounting credit absence the stubborn disease among panies and it severely influences the operation order of securities market and continual amp。 rapid development of national economy。 in the aspect of precaution and punishment depth, supervision over accounting credit mainly relies on administrative punishment and there are few cases claiming for criminal liabilities. Punishment is one in a million in parison with profits brought by false information, which encourages the accounting credit absence behavior. As a result, to strengthen the punishment over accounting credit absence remains the importance and key point for our supervision department in future (YUE amp。TANG, 2020). Information asymmetry of pany39。s accounting credit absence Accounting information asymmetry of listed panies includes internal and external information and information asymmetry also indicates the inconsistent information for information provider and information user. The separation of management power and ownership among listed panies makes General Manager form contractual relationship with panies. As a result most accounting information users do not participate in production and operation of enterprises and pany39。s accounting information users39。 requirement only originates from the accounting information providers. Nevertheless, if accounting information providers provide false information related to pany39。s production and operation activities, it will cause accounting information asymmetry. Information providers determine information quantity and quality without any effective supervision behavior and organs。 unhealthy market information mechanism is also one of the important factors that lead to the shortage of punishment over market accounting information credit absence. There is still a long way to go before mechanisms such as market information disclosure and transmission are perfected. Accounting credit39。s social credit mechanism is not established yet and listed panies39。 market supervision mechanism cannot be effectively represented yet. Insufficient accounting system reform makes it hard to solve problem of accounting credit absence With the acceleration of economic globalization process, national economic system also changes, ownership and management power are separated, enterprises set on the road of independent operation with rapid expansion of autonomous power and maximum value bees the final target for financial management or pany operation among listed panies. As the intermediary agent, accoun