上市公司财务会计信息披露失真从狭义方面讲是指会计信息没有客观、公正、如实地反映上市公司的财务状况和经营业绩,也就是说上市公司所提供的会计信息是虚假的。而从广义的角度讲除包括狭义失真外,还包括会计信息披露不及时、不充分和不易理解。因为证券市场的有效性要求投资 Distorted financial and accounting information disclosure of listed companies in a narrow sense refers to the accounting information is not objective, fair and faithfully reflect the financial status and operating performance of listed companies, that is to say the accounting information provided by listed companies is false. From a broad perspective, including the narrow sense of distortion, including the disclosure of accounting information is not timely, inadequate and not easy to understand. Because the effectiveness of the stock market requires investment