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Research On Correlation Between Mandatory Disclosures Of Internal Control Information And The Quality Of Internal Control

Posted on:2016-11-03Degree:MasterType:Thesis
Country:ChinaCandidate:J Y GuFull Text:PDF
GTID:2309330470455789Subject:audit
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The major effect of the enterprise financial fraud of the beginning of20century caused governments around the world increasingly the attention of the enterprise internal control, in2008, China’s competent department began to promote the basic norms of enterprise internal control, in order to guide the listed companies to complete their own internal control system, and encourage the listed companies and the non-listed state-owned enterprises to proceed self assessment of internal control and the external audit of internal control. In2011, China’s competent department started to implement the pilot work of mandatorily disclosure the information of internal control, nearly300enterprises join in including designated one and voluntary one. And since2012, China’s competent department promote this principle, command enterprise have to disclose the information of internal control, for all the listed companies. It means the that transformation from the voluntary to mandatory of China’s listed companies internal control disclosure principle have accomplished.Based on the background of the development of china’s internal control, and the transformation of the disclosure quality of internal control, this paper aims to study the correlation between the change of the quality of internal control disclosure and the quality of internal control, in order to verify the influence of the increasing quality of internal control disclosure whether really promote the improvement of internal control. This article based on the2009-2013manufacturing company data of Shenzhen Stock Exchange and Shanghai Stock Exchange, to statistics and analysis the information disclosure quality of internal control of listed companies, and focus on using the data of2012and2013as the sample for empirical analysis, with the perspective of corporate government as the breakthrough point, studying of the impact of increasing quality of internal control disclosure information to the internal control.Firstly, this article draws a conclusion which base on the statistical analysis of the2009to2013in five years the internal control information from the Shanghai and Shenzhen Stock Exchanges, the change of internal control information disclosure system effectively promote the quality of internal control information disclosure of listed companies in our country, the disclosure of internal control defects situation reflects that, outside supervision can help the listed companies to raise the quantity of their management, and to improve their own management system. And this paper builds two index systems to evaluate, one for the quality of internal control disclosure, other is the quality of internal control. Through the analysis, there are following conclusions:first, positive correlation between internal control and quality of internal control disclosure information, it means good quality of internal control disclosure information can effectively promote the quality of internal control. Second, through the relevant factors form the view of corporate governance show that, when the chairman and general manager is separated, the company adopts dual leadership structure, the company can obtain high quality of internal control, as well as the executive equity incentive can drive the ascent the quality of the internal control. According to further analysis found that, when one person play the role both chairman and general manager, increasing the quality of internal control disclosure information impact on the quality of internal control is relatively more obvious, it explains that mandatory quality of internal control disclosure information have certain to help the promotion of the quality of internal control. According to the relevant conclusions, at the last of the article, there are some suggestions for China’s enterprise internal control and the quality of internal control disclosure information.
Keywords/Search Tags:Quality of Internal Control, Quality of Internal Control Disclosure, Corporate Governance
PDF Full Text Request
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