Listed On Companies' Internal Controls Research

This paper on China's listed companies generally weak internal control of the status quo will identify the reasons for weak internal controls. There are several reasons which include internal control standards imperfect, Internal control objectives overly simplistic and formal, the lack of good control environment ,without strong risk awareness and Lack of appropriate control activities. From Sarbanes-Oxley Act internal control of listed companies the impact of the analysis, we will prove that the implementation of effective internal control reasonable of listed companies is essential. Executives of listed companies will face considerable costs and the financial pressure and provide more responsibility and pressure, and need to provide more accurate, timely and reliable data. China's listed companies process reengineering and optimize the management reform will be accelerated .The investors will strengthen the confidence of the listed companies. Executives of listed companies will more concern about the operation and management process in compliance with the law. Listed companies can ? promote the advancement of international strategy.Secondly how to improve China's listed companies start of the internal control? (l)To improve their internal environment(2)Conduct a comprehensive risk assessment(3)Strengthen the supervision of internal controls(4)Select the appropriate risk response (5)Establish good control activities(6)The fully and timely information and communicationThirdly we will analysis the Guangdong Telecom case of internal control which from the three levels of internal control system (1)Corporate strategy level of internal control(2)Process / transaction level of internal control (3)IT internal controlFinal we will build a company with the listing of the internal control system solutions (l)Strengthen the theoretical study and establish as soon as possible in line with the overall conditions of the internal control framework (2)Accelerate the pace of building regulations and bring into full play the guiding role of regulators (3)Improve the corporate governance structure of listed companies and establish the core of the Board of Trustees (4)Strengthen risk assessment, and focus on listed companies and focus on key link in the control(5)Standardize intermediary auditing procedures and establish of internal control mechanisms of information disclosure (6)Actively carry out internal audit and improve internal control systems of listed companies. Through the text of the Guangdong Telecom case of internal controls ,we can see that establish a sound internal control system which is a gradual process .Listed companies and external monitoring bodies should explore the establishment of internal control evaluation system .Through all aspects of internal controls and critical control point for testing and evaluation we can found the internal control of the weak links and timely amendments to the internal control system. In particular, we will explore the management of listed companies on the integrity of internal control and effectiveness of self evaluation and provide external financial reports issued at the corresponding state, and enhance the management of listed companies on the responsibility of building the internal control.Therefore, building the system of internal control evaluation process, we should establish a risk management philosophy, analyzed, identify and reveal key business risks and risk management, internal control evaluation norms, and coordinate internal evaluation of listed companies and external evaluation of the relationship And we will explore ways of establishing a sound internal control evaluation system.