Empirical Research On The Effectiveness Of Internal Control To The Quality Of Accounting Information

In 2008, in order to strengthen and standardize the enterprise internal control, improve enterprise risk response capacity and management level, maintain the capital market order and the interests of investors, and promote the long-term development of the enterprise, according to the related regulations in our country, the ministry of finance, the national audit office, the China banking regulatory commission, and the securities and futures commission securities formulate "the enterprise internal control basic norms"with a complete set of other guidelines and are formally implemented in 2010. Although our country has the internal control system in the form of law, financial information fraud still happens. In view of this, the internal control system has formal implemented 6 years in China, but as for the accounting information quality whether improves after the implementation of internal control, opinions vary.In this context, this article explores the internal control system whether to achieve internal control effectiveness, whether to raise the quality of accounting information, as well as the internal control is how to affect the quality of the accounting information, etc. The study can enrich the internal control theory to a certain extent, increase the reliability of accounting information, optimize the capital market order as well.This paper selects the listed companies of Shenzhen stock exchange in 2012-2014 that published results for examination and assessment of information disclosure as samples, and to explore the effect of internal control effectiveness to accounting information quality. Internal control effectiveness through the five elements of internal control to measure and the accounting information quality through the Shenzhen stock exchange information disclosure evaluation results to measure. The research results show: the risk assessment, the internal environment, the internal supervision and control activities are significantly positively related to the accounting information quality, but the information and communication elements fail to prove its relationship with the quality of accounting information. Overall effectiveness of internal control and accounting information quality is significantly positive correlation. Based on the research conclusion in this paper, we put forward the proposal from the five elements of internal control, hoping to have certain enlightenment to the listed companies.