Research On Governance Mechanism, The Effectiveness Of Internal Control And Enterprise Risk

Since2002, American Congress issued Sarbanes Oxley Act, internal control research has become a general concern both in theory and practice. National regulatory authorities have gradually realized the importance of internal control for the healthy and stable development of enterprises and capital market, it have introduced laws and regulations related to internal control. The Chinese government has introduced a series of internal control regulations, forming a complete system of internal control construction, evaluation and audit. Correspondingly, the relevant theoretical research in China is lacking. As to the internal control regulations in effect? The internal control is effective? What factors will affect the effectiveness of internal control? The effectiveness of internal control is significantly reduces the business risk? This is the need to solve at present the theory problem. But in the present academic circles for these problems is lack of systematic research, no consensus on related issues, which provides an opportunity for further study of this.Based on the review of domestic and foreign related research results, using the principal-agent theory, agency cost theory, signaling theory, investor protection theory, using normative analysis, empirical analysis, contract analysis, along the "theoretical analysis-Empirical Analysis-Countermeasures" research route, the topic "corporate governance, the effectiveness of internal control and enterprise risk research", studies from the following three parts:the first part is the theory research, reviewed and evaluated the relevant achievements include the academic circles at home and abroad about the effectiveness of internal control and enterprise risk; the second part is the empirical research, including the impact of construction, internal control indicators of assessment of effectiveness of corporate governance affect the effectiveness of internal control and corporate governance mechanism and empirical analysis of the effectiveness of internal control to reduce the enterprise risk effect; the third part is the countermeasure research, combines with the system background of our country, in order to improve the effectiveness of internal control, improve the internal governance and external governance mechanism, put forward a series of institutional arrangements.In this paper, through the study of the topic, the innovation of this paper lies in:first, to establish the internal control effectiveness evaluation index system of goal oriented, enrich the evaluation method of internal control effectiveness. Second, deepen the understanding of internal control and external control, systematic analysis of the governance mechanism for the effect of internal control. Third, reveals the function mechanism of enterprise internal control effectiveness of enterprise risk. Considering how the internal and external governance mechanism affects the effect of enterprise internal control effectiveness of enterprise risk. In addition, this theory with practice, according to the empirical conclusion, in order to improve the effectiveness of internal control, improve the extern governance and internal governance mechanism and puts forward a series of institutional arrangements.