Analysis Of Internal Control Information Disclosure Of Northeast Listed Companies

With the enactment of Sarbanes-Oxley Act, the United States, internal control disclosure of information entered by the voluntary disclosure phase of mandatory disclosure. China also enacted in 2006, "Shanghai Stock Exchange Guidelines for Internal Control of Listed Companies" ("the Shanghai Stock Exchange Guidelines") and "the Shenzhen Stock Exchange guidelines on internal control" (the "Shenzhen Guide"), which indicates that China internal control of listed companies mandatory disclosure requirements applicable to listed companies range from financial development to all listed companies. June 2008 Internal Control Standards Board issued "Internal Control of the basic norm" (the "Basic Standards"), from January 1, 2010 come into operation; in June 2008 also issued "on request" Enterprise Internal Control Evaluation Guidelines>"Enterprise Application of internal control guidelines> and the" Enterprise Internal Control Assurance Guidelines> Opinions. " System construction leading the direction of practice, listed companies to respond positively, have to disclose internal control information, the disclosure of quality? What originally was a result of the disclosure? Concern.In this paper, the old industrial bases in Northeast China listed company ownership structure and board characteristics in terms of limitations, such as the proportion of state ownership concentration is high; board of directors of limited utility, the company leadership of the irrational structure of the impact on the quality of information disclosure, According to the Shenzhen Stock Exchange announced the evaluation results of 2001-2007, select 2008, the major listed companies in Northeast samples, using descriptive statistics pairs of samples to analyze and study internal control disclosure, It shows the northeast listed company inner control information Disclosure of factors, explore the coping strategies.By the sample companies found that in 2008 the Shenzhen Stock Exchange listed company in Northeast disclosure of internal control over the general situation has improved significantly in 2006; most of the internal control of information disclosure of listed companies is not enough detail, detailed internal controls information disclosure of listed companies have 19, 46.34% of the total sample, the general disclosure of 53.66% of total sample; to disclose details of the listed companies do not focus on manufacturing enterprises, manufacturing enterprises a total of 27 samples, of which details the internal control disclosure of information accounting for 40.74 %, the general disclosure of the total 59.26%. Detailed disclosure through 19 companies and the general disclosure of the 22 companies in 2008 profitability indicators for comparison of the data shows that more corporate disclosure of internal control information and the profit return on net assets were 5.48% and -8.54%, than the general Disclosure of the sample companies return on net assets and profit margins higher than 6.12% and 1.23%. This has fully demonstrated the profitability of the better performance of listed companies, its internal controls disclosed the information the greater the probability, the higher the quality of information disclosure.Release of the reasons found are: listed company in Northeast poor internal control environment; listed companies are not in place internal and external oversight; and a complete set of listed companies in the Northeast region of the proposed internal control disclosure: Optimizing the Stock internal control environment; strengthen listed companies external oversight. Hope that through these recommendations to improve internal control of listed companies in Northeast China the quality of information disclosure, improve the internal control construction in Northeast China.