Internal Control Factors Of Listed Xinjiang Companies And Countermeasures Audit

In recent years, competition in the ever-changing market, because there is no strict internalcontrol system, and no internal control audit, internal control failure thus causing frequent eventtriggered a listed company’s financial fraud. U.S. capital markets a series of financial scandals,caused an uproar, such as Enron, Global Crossing, WorldCom, Oxfam and other financial fraudincidents. China also have a series of financial scandals. These financial fraud incidents seriouslyaffected the orderly development of the capital market, so listing related internal control and auditissues, and become a hot research scholars. With China’s "Enterprise Internal Control AuditGuidelines" promulgated, marking the initial formation of the internal control and audit system inChina. However, from the listed company information disclosure of internal control audit statusquo point of view, there is a significant internal control issues of audit listed companies is not inaccordance with the relevant system is implemented, so the internal control audit of great researchvalue.Firstly, by domestic and foreign scholars in the study of the internal control and audit of thestatus quo were summed sort and find in favor of revelation from the development of the internalaudit system of control. Learn from and discusses the basic concepts and theories related to theinternal control audit. Then select all the listed companies in Xinjiang as a sample, the audit reporton the overall internal control disclosure of specific statistical analysis to detect Xinjiang ofChina’s listed companies have no basis for implementation of internal audit and disclosure regime,the statistical analysis found that listed companies reported in Xinjiang differences in the internalcontrol audit report’s title, audit object, according to the like. Secondly, statistical data analysis,looking for factors that affect the internal control audit. From the audit cost, efficiency, CPA’sability point of view, different requirements for internal quality control audit by the scope of therequirements are not the same. Finally, from the aspects of each investor, CPA professionalcompetence, government regulation, corporate governance and suggestions put forward revelation.In summary, our internal control audit was the result of so many problems, mainly by themanagers of listed companies, accounting firms, investors and government regulatory agenciescaused. Therefore, only the internal control audit our supplier, under the demanders andsupervisors to work together to solve real internal control audit of listed companies inChina-related issues.