The Research On The Problem Of Internal Control Assessent Information Disclosure Of Chinese Listed Companies

As the development of the business and the increase of the fraud cases, the problem of internal control assessment has become a hot issue in recent years. From the development of historical perspective, internal control assessment is mainly to meet the needs of auditing, legal, corporate management and development. It is an important and necessary systemic activity in internal control, but also a dynamic process of evaluation, feedback and re-evaluation, also can promote the effectiveness and continuous improvement of internal controls. Internal control assessment helps to identify and overcome the deficiencies of internal control; helps to find and improve internal control weaknesses; and helps to promote the healthy development of enterprises. To a certain extent,from the disclosure of the internal control assessment information of listed companies, we can understand the current implementation of internal control assessment.With the Enron fraud and similar financial frequent exposure, in 2002, the United States introduced Sarbanes-Oxley Act, it's the first requirements to make the mandatory disclosure the internal controls information, including Section 404 reauire? management to assessment and disclosure the report of internal contro1 which is related to financial need reports, and internal auditors need to certify and report the management's assessment, it's the mark that the United States disclosure of internal control information disclosure from free to mandatory.In China, because the continue happen of the fraud and irregularities in emerging stock market, reference the relevant provisions from abroad, we have also Introduced standardized requirements for the disclosure of internal control information, Shanghai and Shenzhen Stock Exchange in 2006 issued the "Shanghai Stock Exchange listed company Internal Control Guidelines "," Shenzhen Stock Exchange listed company's internal control guidelines ", the two guidelines both require listed companies to disclose internal control self-assessment report and ask the accounting firm to verify its assessment, and issued the evaluation report. And to unify the construction of our internal control structure and improve corporate governance and internal restraint mechanism, we have established the Internal Control Standards Committee, the Committee on June 28,2008 issued a "basic norms of internal control", also called Chinese listed companies to evaluate of the effectiveness of internal controls, and disclosure of the annual self-assessment report.2010, China released "supporting internal control guidelines", which is a good guide for the construction of our internal controls, but the requirements of the reporting of the internal control are also higher. Then we want to know how the listed companies to make the reaction to the requirement, the disclosure of the internal control self-assessments in the capital market situation is satisfactory or not, the reasons for the current institutional arrangements and how to assess the implementation of the results should be worth exploring.This paper is divided into six parts, the main Purpose of the paper is to research the problem of internal control assessment-disclosure of China's listed companies. In the literature review and theoretical analysis, based on the 1304 listed company's internal control self-assessment report and the CPA's verification report in Shenzhen and Shanghai for the study, using descriptive statistical analysis method to analyze China's listed company's disclosure of internal control evaluation information. The study found that there are many problems:the evaluation disclosure of internal control is not sufficient, inter-industry differences, the evaluation and standards of practice are not uniform, the content is a mere formality, the disclosure is single and other problems.The article further from the perspectives of the system theory, listed company itself, and resulting in regulatory to analysis of the cause of internal control assessment information disclosure issue:Theoretical evaluation of internal control deficiencies; listed company's awareness of discloures of the internal control assessment information is weak, and the supervision is inadequate. Finally, based on the series analysis in front, the paper puts forward measures to improve the status of disclosure of internal control assessment information, such as improve the internal control evaluation theory, enhance listed company's awareness of the discloures of the internal control assessment information, strengthen supervision and so on.