Research On The Internal Control Optimization And Investor Protection

Since2000, Frequent global financial scandal, and often due to financial problems directly caused by fraud bankruptcy cases. The United States has developed a very mature market economy countries also would be a serious financial scandal. Root cause of these problems is the internal control has not been effectively exploited. Internal control is to protect the normal operation, once the internal control by the business owners have been overridden, then directly against the interests of investors. Therefore, to optimize the company’s internal controls to protect the interests of investors is particularly important.2006Ministry of Finance jointly initiated the establishment of the internal control standards. June2008, the Ministry of Finance jointly issued the " enterprise internal control basic norms," which is China’s first enterprise internal control standards, and began running on July1,2009. April2010our country has issued the " enterprise Internal control auditing guidelines " the company with effect from January1next year abroad also listed first in the purposes, since January1,2012extended to the Shanghai Stock Exchange, the Shenzhen Stock Exchange’s Main Board Listing Company implemented, choose the small board and GEM listed companies implemented. Internal control in our country has had many years of development, internal controls to protect the interests of investors, how to optimize internal corporate control has become a hot topic in today’s academic research.On the basis of the relevant literature listed companies and investors to protect the internal control review and summary of the introduction of the efficient market theory, incomplete contract theory, hierarchical structure of self-control theory and systems theory as supporting the implementation of the text. First, understand the current situation of practical work in the implementation of the internal control of listed companies as well as problems and side effects on investor protection analysis of internal control. Secondly, Shenzhen and Shanghai A-share listed companies in2012as the research object, and select listed companies to publish internal control information disclosure status of the study sample, by assuming the proposed establishment and analysis of selected variables, the model concluded. Finally, the third part of China’s listed companies found in the actual implementation of the internal control problems raised optimizing internal control relevant countermeasures to protect the interests of investors from both macro and micro aspects of the development of our internal controls and investor protection provided instructive suggestions and comments.