The Study On The Internal Control Information Disclosure Of Listed Companies In China

The disclosure of internal control information has been paid great attention in accounting field in the whole world. In past, American listed companies voluntarily disclosed internal control information, but now the situation has changed. The government requires listed companies to do so. In china the government has the demand, which demands listed companies to disclose the internal control information completely, reasonably and validly in annual report and prospectus. Some companies even are required to receive the evaluation about the internal control system by certified public accountant (CPA), and which need to present the evaluation report. However, because the rules of disclosure have been put in use for short time and the study on reasonableness and effectiveness of rules is very limited. On the basis, the purpose of my dissertation is to further study the disclosure of internal control information in China.The dissertation constitutes of six parts. The first part presents the basic theory of internal control of listed companies. Firstly, it introduces the theories of internal control, including internal check, internal control, internal control structure and the integrated framework about internal control and summarizing the features in every stage. Secondly, the dissertation makes concrete explanation on integrated framework, referring to the American COSO report and its newly achievement. Finally, the dissertation introduces the principle on which the listed companies make the integrated framework of internal control.The second part concentrates on the relationship between the internal control and accounting information in listed companies. We find that the quality of accounting information will be enhanced if internal control is improved. All the discussions mentioned aboveprovide the theoretical basis for further study.The third part is about the disclosure of internal control information of listed companies, including its necessity, the department in charge of disclosure and its ways. Then the dissertation concludes that its top manageable department should be responsible for implement the disclosure of internal control information of listed companies in internal control report.The forth part covers the comparison of internal control information norm between China and the USA. After introducing and comparing two countries' norms, the dissertation put some important suggestion for the disclosure of internal control information in China.The fifth part introduces the current situation of the disclosure of internal control information of listed companies in China. Through studying the prospectus and annual report about internal control information of over 1000 listed companies, the dissertation finds the existent problems about the disclosure of internal control information in China.The sixth part is to expound some suggestion of the disclosure of internal control information of listed companies in China by government auditor, listed company and CPA respectively, basing on the points mentioned, by which the existent problems about disclosure will be better.