Based On The Research Situation On The Implementation Of The Internal Control Framework

Internal control is a unit in order to protect the security of assets, integrity andsafeguard the quality of accounting information to ensure the implementation ofrelevant laws and regulations and the implementation of regulations and a controlsystem implementation. Implementation of internal controls are effective, is thefundamental guarantee for the development of business survival, since the May2008release "Basic Standards for Enterprise Internal Control" to the April2010release"Enterprise Internal Control Guidelines", China’s internal control specificationsystem is basically completed, which is a major initiative with international standards.After the introduction of these norms, whether a company voluntary disclosureof internal control self-assessment report and the audit report on how theimplementation of the mandatory disclosure of internal control? Effective? For thestudy of these problems, this paper first of all domestic and foreign literature on theresearch of internal control are summed up, found: Research on the internal controlof the implementation of the main building in centralized control, internalmanagement to the internal control self assessment and audit report of internalcontrol information disclosure in three aspects. On the basis of previous studies, thispaper will be the first context structure and internal control research linking, the"context" as the implementation of internal control research background, to explorethe implementation of the framework of internal control. On the basis of theoreticalanalysis, construct the impact of situational structure for the implementation ofinternal control, will affect the execution of internal control environment is dividedinto three aspects including: corporate management, governance structure andenterprise resources. Then, the article from2008to2012at home and abroad andlisted companies for the study sample. Through the combination of normativeresearch and empirical research to study the above problems. On the contextframework and related concepts of internal control theory methods of normativeresearch, and to use the method of empirical research analysis of the effect on theimplementation of the implementation of internal control, internal control andsituational factors. Implementation of internal control as the explained variable, theexplanatory variables to establish a score to judge the Sample Firms to carry outinternal control, empirically tests the impact of the three situations mentioned above,the implementation of internal control includes: a specific situation (enterprise):profitability, capital structure; the situation two (Corporate Governance): the years ofthe listed companies, the board size, the proportion of management ownership,whether of the two level one, the proportion of independent directors, board meetingfrequency, whether the establishment of the Audit Committee; the situation three(enterprise resource): corporate culture, employees’ work ability. Conclusion: thecapital structure, board size, the proportion of management shareholding, the proportion of independent directors, board meeting frequency, whether theestablishment of the six factors of audit committee in the implementation of internalcontrol have a significant impact.Finally, based on the empirical results, combined with a variety of problems inChina’s listing Corporation face in the internal control construction, in order topromote China’s listing Corporation, the development of internal control fromperfecting the implementation mechanism and situation reconstruction in two aspectsand puts forward some corresponding policy recommendations.