Research On The Impact Of The Disclosure Of Internal Control By The Operating Performance In The Listed Companies

In recent years, frequent domestic and international financial fraud cases shocked the investors, not only seriously disrupt the orderly and healthy development of securities markets, but also enable investors to suffer huge losses. Especially with the financial crisis, so that enterprises are facing more and more uncertainty, so more stakeholders in the beginning of the internal control of information concern. Since 2006, China's large-scale introduction of improved internal control standards and internal control information disclosure requirements. With the introduction of norms and regulations on internal control disclosure of more empirical research, but for the quality of internal control disclosure of information is rarely mentioned. In particular the use of COSO internal control assessment of the risk management framework for the quality of information disclosure is more less.Whether the disclosure of internal control could be influenced by financial performance. How to determine that influence is a key perspective. First, the paper on the history and internal control of the basic theory, from the theoretical analysis of the internal control disclosure of the importance and necessity for the later study provides theoretical support. Second, the theory in previous studies based on the COSO risk management framework for this reference and internal control guidelines with reference to the Ministry of Finance recently promulgated the basic norms of internal control, using principal component analysis of France, identify indicators for each factor and weight calculated disclosure of internal control quality evaluation model. Then select the sample by a general descriptive statistics, An analysis by listing the location of the internal control self-report of disclosure differences, use of the model from different angles the average quality of internal control were compared in order to be able to find from certain law. Finally, Ownership Structure, Board Governance, Board of Supervisors, and company size in terms of corporate governance disclosure on the impact of internal control, using multiple regression regression analysis on the sample data.In this paper, we try to find out how aspects of listed companies such as operational performance, the asset scale and the capital structure exert influence to the disclosure of internal control. Whether the financial performance decide the quality of disclosure of internal control. This paper tries to improve the disclosure of internal control and make clear of the transparency in stock market.