Does Corporate Governance Have Influence To The Quality Of Internal Control Information Disclosure?

With the internal control become even more violent in the accounting theory and practice in China. The importance of internal control information disclosure is also increasingly prominent and become gradually the focus of enterprise supervision department, investors and managers. How to improve the listed company's internal control information disclosure level to meet the needs of users is a worth research topic. The paper researches internal control information disclosure based on the corporate governance, answers the following questions:In recent years, Chinese listed company's internal control information disclosure of the situation? What are the main affecting factors? How is the relations between corporate governance and internal control information disclosure? How to improve the internal control disclosure level based on the corporate governance of listed companies in China?Referring to the related studies on internal control information disclosure at home and abroad, firstly, this paper makes clear the theoretical support of the corporate governance and the internal control information disclosure and points out that relationship between corporate governance and the internal control information disclosure; Based on this, the paper further analyzes the current situation and existing problems of internal control information disclosure in Chinese listed companies; thirdly, through analyzing annual public figures of China's listed companies in Shanghai and Shenzhen exchanges A-share in 2008-2009, this paper, for the first time, designs independent variables in according to the characteristics of corporate governance mechanism, establishes two levels of corporate governance affecting "whether detailed disclosing" and "the degree of detailed disclosing " internal control information and systematically makes a empirical research of the relationship between corporate governance and the internal control information disclosure. The paper found that these corporate governance characteristics variables like the "first shareholder nature", "the proportion of management shareholding", "the size of the board" and "the type of the audit opinion " have considerably influential to internal control information disclosure. Based on the above empirical analysis, this paper give some suggestions:optimize equity structure, decrease the proportion of management shareholding, improve efficiency of board of directors and strengthen verification audit from external audit in order to construct the evaluation system which trinity enterprises, intermediary and government supervision.The conclusion of this paper can provide preliminary evidence of improving the level of Chinese listed company's internal control information disclosure level, perfecting the corporate governance machanism and strengthening the supervision of CSRC on the listed company's internal control information disclosure.