The Research On Information Disclosure Of Internal Control Self-assessment In China's Listed Companies

The series of frauds and scandals, such as"Enron"and"WorldCom", asked the national regulators to strengthen and deepen the internal control for listed companies. In recent years, the frauds of domestic companies, such as"ZhongXinTaiFu"and"GoHome", exposed our weaknesses in internal control of China's listed companies, but it also let internal control and information disclosure had become a common focus of attention at home and abroad. With the release and implementation of the "basic norms of internal control" and "Evaluation of Internal Control Guidelines" (Draft) and the "Shanghai Stock Exchange guidelines on internal control" and so on, our internal control and information disclosure requirements had been strengthened, and the listed companies should release internal control self-evaluation report and corporate annual reports in the same time.Internal control self-assessment can help managers to improve enterprise risk management response and efficiency, can also help investors assess the invested enterprises operating norms and risk-resisting ability, but also can help supervisors to improve internal controls through the initiative and building binding, increased supervision and investor assurance efforts. Therefore, the internal control self-assessment met all the requirements of enterprise information needs. This article chose the implementation of the "Shanghai Stock Exchange guidelines on internal control" and the encourage of listed companies to publish the internal control self-assessment reports as a starting point in July 2006, and chose the internal control self-assessment reports of Shanghai Stock Exchange's listed companies from 2006 to 2008 as a sample. Through descriptive statistics and classification summary, we found the listed companies to disclose internal control self-assessment information disclosure with problems of regard fewer, according to fuzzy, not clear the main responsibility and the content imperfect. Second, according to the causes, we proposed some assessment of a standard basis for improved maneuverability, both the economy and effectiveness, refining the aspects of the effectiveness of standards, to improve our internal control self-assessment information disclosure system, to do our modest means to a more healthy and sustainable development of China's stock market.