Research On The Revealing Of Internal Control Reports Based On XBRL In Listed Companies

Sound internal control system can effectively ensure the company’s operation as well as avoid a series of financial scandals. Fruitful researches have been carried out on the theory and practice of internal control. Relevant norms of the internal control are constantly improving, and the role of the internal control report also continues to appear. However, there are still many problems in China’s listed companies as to the issuing of internal control report. Currently, information users are dependent on the internal control report issued by listed companies in order to learn about the information of its internal control, whereas the issuing quality of internal control information depends largely on the technology of internal control information issuing. Recently, as the development of the research and application of XBRL, there has been an evolution of both the financial report models and accounting information quality of enterprises, which made it possible for us to deal with the exposed flaws during internal controlling by informationized methods. Currently, XBRL technology is mainly used in the issuing of financial report. And as a kind of financial reports, the internal control report is also able to apply XBRL technology, which can improve the accuracy, normalization and effectiveness of the internal controlling reports that contribute to both the efficient reading and the standard of internal controlling of enterprises.First of all, this paper will give an analysis on the present situation of the information disclosure work in domestic internal controlling reports, and drew a conclusion of the information disclosure work’s achievements, according to which, existing problems will be enlightened and reasons will be figured out. Moreover, XBRL theory and its structure and characters will be introduced. We will discuss about the feasibility of XBRL being a tool for information disclosing in internal controlling reports. On this basis, elaboration of its characters and advantages will be carried out, aiming to handle those problems existing in the process of using the information methods to disclose. And finally, the paper contributes to establishing a disclosure mode of an XBRL internal controlling report, carried out by establishing two models- one is an element index system of the classification standard for XBRL internal controlling reports and the other is an information quality model. A rational element index system of the classification standard is a basis to implement the XBRL internal reports successfully. While a simple and functional information evaluation model can improve the operability of the validity assessment on the internal information, which helps the companies find out the existing problems and improve and perfect the internal controlling system.