The Relationship Of Financial Restatements、Internal Control Defects Disclosure And Internal Control Auditing Opinions

To improve the efficiency of capital market and promoting the healthydevelopment of enterprises in our country，the government begins to implement themandatory disclosure of internal control information gradually. But for stakeholdersjust the true information is valuable, in the agency theory, information asymmetry andsignal transmission theory,the enterprise maybe chose to disclose the optimisticinformation but not the truth. And in the beginning, how about the internal controlauditing quality in Chinese market？Since2008, what is the development process ofinternal control information disclosure in Chinese market？This paper studies the internal control disclosure situation of the company whichrestates its financial report. And compared the disclosure with the companies do nothave financial report restatement. by comparing the2009to2012report restatementand its counterpart, the paper finds that the enterprises with report restatementdisclose more internal control defects than the enterprise does not restate financialBecause the policy of mandatory disclosure of the internal control information is notimplemented exactly.the most enterprise is voluntarily to disclosure theinformation,so the company which restates its financial report has less motivation todisclosure the internal control audit report.in2012there were significant differencesbetween the two groups of companies by the off-standard audit opinion, it shows thatthe internal control audit quality has improved.So this article comes to the conclusion, our country listed companies began to setup the construction of the consciousness of enterprise internal control system andinternal control information disclosure, the disclosure of internal control informationand information content are increased, the number of internal control audit quality hasimproved. But the paper also found that the degree that the internal controlinformation and internal control audit results can reflect the actual quality of internalcontrol of the enterprise also needs to be increased, according to the results, the paperputs forward some suggestions for the reality of our country.