The Influence Of The Internal Control Information Disclosure On Accounting Quality

In recent years, China’s capital market has exposed problems such as the serious distortion of accounting information, the improper disclosure. In 2015, abnormal phenomenon of the stock market appeared, in which thousands of stocks rose to the limit and at the same time, thousands of stocks fall to the limit in a day. To some extent, this phenomenon was related to accounting information disclosure, and during the period of the abnormal phenomenon, the interests of investors, especially personal investors, suffered serious losses. In addition to the financial statements, subsequent relevant supervision organizations also pay more attention to the rest of the internal information quality about listed companies. Internal control of the enterprise is organic strength of the efficient functioning of the shares of the company, and internal control information disclosure can restrain rent-seeking and other bad behavior, so it becomes the focus of experts. Our country has also established the corresponding laws and regulations system escort for the implementation of internal control information disclosure system, and improve the system of internal control information disclosure of listed companies gradually on this basis, In order to make internal control play a better role.Innovation point of this article is based on the perspective of industry contrast, two years to 2013, 2014, shen zhen A-share steel industry and information technology industry listed companies as samples. It analysis the relation between internal control information disclosure and accounting information quality on the basis of theoretical analysis combine with empirical research methods. hope to solve the problem of low quality of accounting information.This paper analysis the relation of the internal control information disclosure and the quality of accounting information based on Three theories: principal-agent theory, signaling theory and effective capital market theory. Choose manipulability accrued profit as substitution variables to measure the quality of accounting information. The internal control information disclosure index published by DIB database is used to measure the quality of internal control information disclosure, Choose enterprise scale, equity concentration, asset-liability ratio, profitability, and independent directors proportion as control variables inthe model. First research the influence of internal control information disclosure of the overall quality to accounting information quality, draw the conclusion: internal control disclosure of information can significantly improve the quality of accounting information in the information technology industry. And in the steel industry is that the relationship is weak. The conclusion shows that: the role of internal control information disclosure depends on type of industry. The further research to five elements of internal control information disclosure of Information technology show that: although the overall internal control information disclosure of information technology has played a significant impact to the quality of accounting information. However it is not each of the five elements of the factors play a role, only the internal environment element has passed the significance test, shows that the better enterprise internal contro environment, the higher the quality of accounting information. Thus, internal control environment is the key factor to solve the problem of accounting information quality.