Research On Internal Control Self-assessment In China Listed Banks

In 2010,the global capital market has been in the post-crisis era.How to restore investers confidence has become the common concern for most financial supervising agencies.For the global banking organizations,a new set,known as Basel 3,has been proposed in order to target risk management.Within the same year,the Enterprise Internal Control Assessment Guideline, which would been regarded as the supporting documents of the Fundamental Guidelines of Enterprise Internal Control,was released by the financial regulators in China.Therefore,combining with the current situation of financial regulating in home and abroad,this thesis will focus on the internal control assessment of the listed banks in Shanghai Stock Exchange.More importantly, compared with other fields,the information disclosure of the listed banks is more sufficient and the idea for how to design and perform the internal control is more mature.From the perspective of enterprise internal control self-assessment,the thesis researches on the implementation of internal control self-assessment through analysing the disclosure of related imformation on listed companies in Shanghai Stock Exchange.Specifically,this thesis analyses the effect and difference of the 14 listed banks through the core evaluation index designed from two points between the framework and details of the self-assessment annual reports'discourse .Finally,this thesis studies the existing regulations and summaries the typical deficiencies on the disclosure of imformation of Management reporting on internal control status and further analyses the reasons for the current situation,as well as making relevant four recommendations.This thesis is composed of five chapters.Chapter one,as the preface, discusses the research background,purpose and significance,and covers the literature review of domestic and foreign present research.Chapter two clearly defines the concept of listed banks internal control self- assessment through both economy and management perspectives'analysing.Chapter three introduces the development of internal control self-assessment ,compares three most relevant Guidelines released by financial regulators in China.Then,in chapter 3,with the statistical ananlysis on the disclosure of internal control information and interpretation of The Enterprise Internal Control Assessment Guideline of China,it researches on the efficiency of the assessment and points out there is much difference in the practice of listed banks internal control assessment.Chapter four,based on the above analysis,draws four problems of implementing internal control self-assessment in listed banks in China,and discusses the main reasons of the poor practice of disclosure or implementation of internal control assessment.Chapter five,this thesis hereby puts forward relevant recommendations to enhance the efficientcy of implementing the guideline.This thesis adopts the methodology which combines normative method with e-mpirical.When analysing the concept in theory of internal control and relevant guidelines,we use normative method which is the main method in this thesis.We investigate and research the annual self-assessment reports of listed banks on Shanghai Stock Exchange following the empirical research method.Based on the above content,this thesis concludes the problems in the current internal control in listed banks, points out the main reasons and puts forward the relevant recommendations.