The Research On Assessment Of Internal Control Over Financial Reporting In China

Evaluation of internal control financial reporting is the process of the effectiveness of internal control evaluation double by the corporate management and Certified Public Accountants. The evaluation of internal control financial reporting which is an independent audit carried out by certified public accountants is the main research content.. The reporting and evaluation of financial reporting internal control becomes the focus of attention when the U.S. "Sarbanes-Oxley Act" issued in 2002. As China's "internal control standards committee" sets up, the evaluation of financial reporting internal control becomes to across the board. Therefore, this article reports on the financial evaluation of internal control, and reveal the internal control evaluation of the problems, drawing on practices in developed countries to put forward some suggestions to facilitate the evaluation of internal control financial reporting in China smoothly.This paper mainly consists of five parts, the content of each part is as follows:The first part describes the background to carry out this study and summarizes the research profile at home and abroad, briefly describes the basic framework of this article, writing, thinking and research methods.The second part refers the provisions of the U.S. SEC, PCAOB guidelines, SOX Act, and the internal control over financial reporting internal control evaluation and financial report was summarized. From the evaluation objectives, scope of evaluation, evaluation criteria, evaluation methods, the author describes many aspects evaluation of internal control over financial reporting understanding.The third part carries out current situation of the evaluation of internal control financial reporting in our country.The fourth section describes the latest developments of the evaluation of internal control financial reporting in the United States and Japan, and takes into account the actual situation in our country to discuss the evaluation of internal control of financial reporting standards in the evaluation, the evaluation scope, assessment methods derived from China.The fifth part recommends on financial reports of listed companies to carry out the recommendations of the internal control evaluation combined with the evaluation of internal control financial reporting specific problems and experiences in America and Japan.Evaluation of internal control financial reporting is not just conceptual changes proposed, but also the concept of innovation of a perspective from internal control audits to improve the quality of financial information. It breaks through the traditional practices which become a mere formality exhaustive internal control deficiencies, thus highlighting the importance of internal control financial reporting responsibilities and scope. Theorists of the internal control of the research has been quite a long time, but overall the domestic research on the internal control system and more limited to the construction of the internal control, and internal control over financial reporting the implementation of effective is few studies evaluating. The introduction of regulations make financial reporting internal control evaluation as the independent audit of an important area. How to carry out evaluation of internal control financial reporting, has become worthy of further study of theoretical and practical significance of the important issues.