| A large number of financial fraud cases occurred continually in large company such as Enron, WorldCom and so on,Which promote the change what is the disclosure of internal control information from voluntary disclosure to mandatory disclosure. And Sarbanes-Oxley Act is a sign of the change.At the same time, these fraud cases gave rise to the attention for internal control and information disclosure of internal control by supervision department of countries in the world. A lot of countries promulgated the Sarbanes-Oxley Act of their own country’s. There are more attention to disclosure system, in turn, in China。In2008, the Ministry of Finance, the Stock Supervisory Committee, the Audit administration, China Banking Regulation Commission and Chinese Protecting and Supervising Association promulgated the internal control standard for enterprise jointly. Which require listed company disclosing their assessments based on internal control system,and the audit reports on assessments as well。To background this, the paper based on the relatede eonomie theories, for example, the principal agent theory,cost benefit principle, signal transmission theory, information asymmetry, this essay made some analyses. We have considered relevant knowledge on auditing and economies.And we select samples from2009—2010Chinese A-share listed companies in shanghai security exehange. Meanwhile, the relevant analysis model was established, in order to study the influence of the internal control information disclosure to stoek price. We mainly discussed such factors as whether the listed companies disclosed their internal control information in detailed, whether the internal control are audited. In the end,we came up with some suggestions.As previously studie do thedisclosure of internal control information is in the theoretieal and descriptive statistical analysis stage, and the paper based on this. This paper will make experimental evidence for the development of the institution in internal control. |
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