中文摘要：

在应计制与现金制融合的会计大背景下，上市公司存在着从盈余管理向现金流操控发展的新趋向。我们对现金流操控现象分别从会计学视角和财务学视角进行了理论归纳，从政府监管和独立审计的角度探讨了如何加强对上市公司现金流操控行为的治理，阐明了现金流操控的研究意义，并对相关的研究成果进行了回顾和展望。

英文摘要：

Under the integi＇ating background of accrual - based accounting and cash - based Accounting, a developing tendency from earnings management to cash flow manipulation become more and more evident in Chinese listed companies recently. Some basic theoretical is- sues relative to cash flow manipulation are considered respectively from the perspectives of accounting and finance. Then, the authors discuss how to regulate and govern all kinds of cash flow manipulating behaviors in companies more efficiently, especially concerning the role of governmental supervisors and independent auditors in China. Lastly, the authors review relative research literatures, address the meaning of research on cash flow manipulation, and present some possible directions of future research.