Research On The Influencing Factors Of Internal Control Information Disclosure

In 2006, Shanghai and Shenzhen has issued" guidelines on internal controls of listed companies", the guidelines were mark our internal control information disclosure entered a mandatory phase. Although the legislation requires listed companies to disclose internal control information, but China's internal control information disclosure quality is not high is an indisputable fact, many listed companies disclosure the internal control information only a mere formality, no substantive content. What are the factors affecting the internal control of listed company information disclosure? This paper is to study the main content.To explore which factors influence the internal control information disclosure, first of all to accurate measure the disclosure of internal control information, in order to measure internal control information disclosure of listed companies, this paper puts forward" the quality of internal control information disclosure" ( Internal Control Information Disclosure Quality, referred to as ICIDQ ) concept, in the" Chinese Dictionary", "quality" as the fundamental things property," volume" for the use of apparatus to measure the object size, length, standing on the information user's point of view," the quality of internal control information disclosure of internal control information disclosure." that can satisfy the users make decision level. This requires the disclosure of internal control information of comprehensible and decision usefulness, specifically the internal control information disclosure should adhere to the principle of timeliness, truthfulness, completeness, comparability and the importance of the principle, the timeliness, truthfulness and integrity as the main quality requirement, Empirical Study on enterprise internal control information disclosure quality evaluation system level indicator for timeliness (X1), authenticity(X2) and integrity (X3). Due to the enterprise internal control information disclosure and concentrated in the annual report, the internal control information disclosure timeliness is converted to the timeliness of annual report disclosure, this paper empirically using the annual report disclosure of annual report disclosure date and deadline (30th April) between the time to measure the length of the timeliness of information disclosure of internal control. The authenticity indicator under the two level two indexes, one is a registered accountant to financial report audit opinion type (X21); two is a registered accountant internal control self assessment report on the verification opinions (X22). In reference to the" basic standard for enterprise internal control" situation, integrity index under the five level two indexes: the internal environment (X31), risk assessment (X32), control activities(X33), information and communication (X34) and supervision (X35), five indicators in level two are respectively arranged under three level indicator, a total of 15 level three indexes, each index according to the annual report disclosure of internal control information is somewhat artificial. Timeliness, truthfulness and integrity level index by using the questionnaire form by the expert scoring to determine weights, two or three steps to determine the index weight is introduced the concept of physics" entropy", with" entropy" is used to determine the two or three level index.After determining the quality of internal control information disclosure measure method, from the intermediary factors, corporate governance structure and company operation factors selected 10 variables for empirical analysis, to explore the factors which influence the internal control information disclosure quality. In this paper, use multiple linear regression modelto to test the date of Shanghai stock market listed companies in the pharmaceutical industry, and give some suggestions based on the conclusions.