Analysis Of The Affecting Factors Of Internal Control Information Disclosure Quality

On May22,2008，Ministry of Finance of the People’s Republic of China，National Audit Office of the People’s Republic of China,China Securities RegulatoryCommission,China Banking Regulatory Commission and China Insurance RegulatoryCommission published the book 《Enterprise Internal Control guidelines》，and it hadcome into effect at all listed company in July2009.In order to further improve thequality of Chinese enterprise financial report,and reduce the number of commercialfraud.In2010,five ministries published 《Enterprise Internal Control SupportingGuidance》,this guidance contains18terms 《Enterprise Internal Control ApplicationGuidance》,《Enterprise Internal Control Evaluation Guidance》and 《EnterpriseInternal Control Audit Guidelines》.Since then 《Enterprise Internal Controlguidelines》and guidances make up enterprise internal control standard system of ourcountry.In2011,Our country internal control standard system first implemented in thecompanies both listed domestic and overseas.This paper selects77A+H Listedcompanies，study the first year data of these companies after the normative systemimplemented.According to the related request of 《Enterprise Internal Controlguidelines》,this text drafts the standards for evaluation of quality of informationdisclosure of cross-listing companies.Judging by this standards,I score these77companies.And it uses descruotuve statu statistical method to explain the status ofinformation disclosure of companies,at the same time it also does correlation test andmultivariate regression analysis about quality of internal control information from thescale of company,time to market, profitability,audit opinions,long-term liability rateand if hire the Big four.Researches show that it is so different in quality of information disclosurebetween cross-listing companies.On the one hand,owing to lack of standardization ofdetails in information disclosure and free format,on the other hand both board ofsupervisors and independent director hold different views on internal controls,and ithas no material content.The empirical research shows that scale of companyand if hirethe Big four have obvious effects on quality of information disclosure of cross-listing companies.Audit opinions have little effects.we can draw a conclusion that externalaudit play a insignificant role on it,and it is essential to enhance supervises of qualityof information disclosure and rule some relevant punishes.