The Research Of The Policy Effectiveness Of Internal Control Information Mandatory Disclosure

In recent years, the development Chinese enterprises’internal control is fast and nice. To2010, Chinese normative system of internal control has been established including the basic standard of internal control and related guidelines.2011year is the year that the implementation schedule demands the policy about internal control information mandatory disclosure in listed corporations at home and abroad. As the first year to implement the policy, the problem if the policy is effective is worth being studied.This study has certain significance and importance. First, this study provides the related empirical data with the research of the effectiveness of the related policy in the first year of the mandatory disclosure of the internal control information. And this study provides related suggestions for regulators to improve the policy. Second, this study is try to establish the index system of the effectiveness of the policy, and is the effectiveness research of the policy about internal control information mandatory disclosure. Third, this study hopes to provide a useful complement to the information disclosure theory of the internal control after the related analysis of effectiveness of the policy and the analysis of the theory. At the same time, this study also hopes to provide the empirical data to the enterprises in the implementation of the internal control, the audit industry of the internal control and investors.This study adopts the method combining the normative accounting theory research and the empirical accounting theory research method, and the study uses other related theories of the internal control information disclosure, information economics and the reputation theory. First, establish the index system of the effectiveness of the policy with the related analysis of effectiveness of the policy and the analysis of the theory after the reviews of the policy of the internal control information disclosure and the reviews of the relevant research literature at home and abroad. Second, this study conducts the research from the four indicators separately. The four indicators are as follows:whether there are changes in the level of the internal control in the enterprises after the mandatory information disclosure of the internal control; whether there are changes in the level of the corporate earnings after the mandatory information disclosure of the internal control; whether there are changes in the financial statement audit opinions and the internal control audit opinions after the mandatory information disclosure of the internal control; whether there are drawbacks in the internal control disclosure after the mandatory information disclosure of the internal control. We can conclude that the policy of the internal control mandatory disclosure is effective through the comprehensive consideration. At last, this study finds the problems in the implementation results of the policy and puts forward relevant suggestions about the policy.This study may have three points of innovation as follows. First, that do the data analysis and the empirical research is an exploration and attempt in constant in the first year of the implementation of the policy; Second, that establish the index system of the effectiveness of the policy about internal control information mandatory disclosure is a creative activity after referring to many systems of policy effectiveness; Third, it is not the same to the previous studies that often focus on the research on internal control information disclosure with one aspect. This study concludes that the policy of the internal control mandatory disclosure is effective through the comprehensive consideration from the policy effectiveness integrally with more emphasis.In brief, this study hopes to promote to enhance the internal control in China through the research of the effectiveness of the policy about internal control information mandatory disclosure. And this study is to realize the sustainable development of the enterprises.