The Disclosure Research Of Internal Control Assessment Report Of Agricultural Companies

In recent years, domestic and foreign capital market financial fraud scandals emergeendlessly. One of the important reasons is the lack or failure of internal control in listed companies.Information disclosure of internal control is drawing more and more attention both at home andabroad. After several years of voluntary disclosure of internal control information, The UnitedStates has issued rules to require listed companies to provide mandatory disclosure.In2006,《Shanghai Stock Exchange Internal Control Guidelines》、《Shenzhen StockExchange Internal Control Guidelines》、《Basic Norms of Enterprise Internal Control》promulgated in2008and 《Application Guidelines of Enterprise Internal Control》、《EvaluationGuidelines of Enterprise Internal Control》、《Audit Guidelines of Enterprise Internal Control》issued in2010and other relevant documents require listed companies to assess internal controland disclosure the internal control self assessment report together with the annual report, whichindicates internal control information disclosure turn from voluntary disclosure stage to mandatorystage.As far as our country is concerned, the internal control information disclosure started quitelate, both theoretical and practical application in China is still in the exploration stage. Listedcompanies are not’t familiar with the execution of the rules of internal control informationdisclosure, some companies even have wrong understanding on internal control.This paper tries to analyze the current situation and influencing factors of disclosure degreeof internal control self assessment report of agricultural listed companies to find out the problemsand reasons and put forward some recommendations to improve and perfect internal control selfassessment reports of listed companies of our country on the basis of comparing the internalcontrol self assessment reports both at home and abroad. This paper mainly includes five parts:The first part is Introduction. This part introduces the topic--disclosure research of internalcontrol self assessment reports of agricultural listed companies and analyzes the background andsignificance of the topic, and then reviews the research status both at home and abroad and at lastintroduces the research methods and main content and the innovation points.The second part is the basic theory of internal control self assessment report, including thetheoretical basis, function, quality characteristics of internal control self assessment report and thedevelopment course and regulation of internal control self assessment report in our country.The third part is the internal control self assessment reports comparion home and abroad,including the disclosure mode, content, disclosure subject, audit verification of internal controlself assessment report of the United States; the content, disclosure subject, the responsibility of theexternal certified public accountants of internal control self assessment report of British and theform, content, disclosure subject, audit verification of internal control disclosure of selfassessment report in our country.The fourth part is the empirical research of disclosure situation of internal control self assessment report of the agriculture listed companies in our country. It builds the model on thebasis of research object、sample selection、research hypothesis and analyses disclosure situation ofinternal control self assessment report of agricultural listed companies in2009-2011usingdescriptive statistical analysis and logistic regression analysis.The fifth part is internal control self assessment report improvement suggestions ofagricultural listed companies. It proposes related suggestions to consummate internal control selfassessment report of listed companies in our country in view of the above reasons from bothinternal and external aspects, with external suggestions including unifying internal controlevaluation and verification standards, making unified and specific provision to content and formatof internal control self assessment report, standardizing forming process of internal control selfassessment report, clearing the responsibility subject of internal control self assessment reportdisclosure of listed companies in our country, increasing supervision dynamics, and internalsuggestions such as perfecting the company governance structure, strengthening publicity trainingof internal control self assessment report, perfecting the internal control inspection and supervisionmechanism.