The Research Of Internal Control Information Disclosure Of Listed Company Based On The Corporate Governance

Since entering the21st century, frequent financial fraud cause at home and abroad havemade investors and regulators aware of the importance of the disclosure of internal controlin the listed company gradually. However, compared with the overseas some developedcountries, the research of internal control system in China starts late, Centre on theestablish of improving the system of internal control of the company, theory and practiceof internal control disclosure of information are all at the stage of development. In June2008, five ministries and commissions jointly issued "enterprise internal control basicnorms", this is the first to compare specifications about the company’s internal controlcontent of forming in China. From now on listed companies in China entered the stage ofmandatory disclosure of internal control information disclosure. The Corporate governanceand internal control’s information disclosure must be to exist near concern. The perfectdegree of corporate governance has a big influence on the quality of internal control’sinformation disclosure. And the other hand, a perfect internal control’s informationdisclosure can be contributed to the improvement of Corporate governance. It’s animportant premise and foundation to perfect the corporate governance structure. Withouteffective contact cohesion corporate governance structure and internal control informationdisclosure, even if the internal control system how perfect, it can not achieve expectedresults.In this paper, based on the principal-agent theory, information asymmetry in theeconomics theory and signaling theory as the theoretical basics, research the corporategovernance structure of listed companies in China on the influence factors of internalcontrol information disclosure. First analyze the relationship between corporategovernance and internal control, as well as the relationship between corporate governancestructure and internal control information disclosure. Summarize the current legal rules andregulations related to internal control and internal control information disclosure of listedcompanies. Furthermore analyze theoretically the influence of internal corporategovernance structure to the listed companies’ internal control information disclosure inChina. With the use of annual public data of China’s listed companies in2012in Shanghaiand Shenzhen (excluding some data unnecessary) Using the method of descriptivestatistics, made a statistical analysis about the current internal control informationdisclosure of listed companies. Generalize the ownership structure and board structure onthe influence of the internal control information disclosure. The empirical results show thatthe main factors effect on our country’s internal control information disclosure in thecorporate governance mechanism are the settings of audit committee, the other factor ischairman and general manager in the listed companies as the same individual. Listedcompanies establish an audit committee has a positive impact on the level of the company’sinternal control information disclosure, chairman and general manager as the sameindividual would be have a negative impact on the level of the company’s internal controlinformation disclosure, Therefore, in the practice of governance in listed companies, weshould vigorously promote the audit committee system, clear the responsibility and authority of the Audit Committee, and strengthen the supervision and inspection of thelisted company’s audit committee.