The Comparison And Enlightenment Of Sarbanes-Oxley And The Basic Standard For Enterprise Internal Control Of Our Country

With the announcement of the Basic Standard for Enterprise Internal Control, there is another trend studying internal control. Most of the listed companies of our country provide the self-assessment of internal control, it has been operated effectively, but some companies operated formally, and it doesn't play a substantive role, so we should strength its maneuverability and learn the experience of other countries. Sarbanes-Oxley which is published in 2002 is advanced in this field. This bill involves security market supervision, corporate governance and the reform of the accounting and auditing. The bill asks all the companies listed in America to comply, including companies registered in America and registered in foreign countries but listed in America. Although the bill allows companies whose revenue is low to five hundred millions dollars to post the date off to 2007-7-15, but Chinese companies should realizes the difference between them and American companies. Our companies are compelled to leave the American market because of the giant cost. Many companies which prepare to enter in American market give up the opportunity. But some excellent companies spent many people and money on the preparation, finally they succeed. Sarbanes-Oxley has been operated controversially, according to research, it has been operated effectively, the internal control of American enterprises has been improved, the American capital market has been adjusted, and that is why studying Sarbanes-Oxley has profound meaning. The thesis compares the bill and the Basic Standard for Enterprise Internal Control of our country, find the difference and try to improve our internal control. The thesis is composed of five part:the first part provides the background and the meaning of the bill and gives the description of the research home and abroad, besides giving the research approach and the summary of the thesis; the second part describes the main content of the two bills, and telling the difference and connection between them; the third part compares them in eight aspects, it is as follows:forming mechanism, coerciveness, maneuverability, the characteristic of supervision, the requirement of the profession of certified public accountant, accountability, the disclosure of financial information, the extent of punishment; the fourth part provides the enlightenment in three aspects.the last part is the summary of the thesis, it refers to the supervision of the security market, the profession of certified public accountant and the enterprises. The thesis adopts the canonical parse approach. Most of articles focus on one aspect of enlightenment, compared incompletely. The creativity of my thesis compares systematically, involving forming mechanism, coerciveness and giving enlightenment on three aspects.