Study On The Influence Of Internal Controlaudit Characteristics On The Quality Of Internal Control Information Disclosure

Since the reform and opening up,the capital market has developed very rapidly.The reason why the capital market can be healthy depends largely on high-quality company information,internal control information as an important company information,reflects the company's internal control system operating conditions,and high-quality internal control information allows investors to accurately understand whether listed companies are trustworthy,so as to make the right investment decisions to stabilize the development of capital markets.However,in recent years,regardless of the developed countries or China,major financial fraud cases have occurred,the number of financial fraud is also increasing.Recently,qinghai gelatin sold shares of the company to increase the share of the business income of the incident was burst out,and Hong Kong Securities and Futures Commission respectively criticized Greencool,Hannon thin film power generation,Zhongjin Recycling,Public Financial Technology involved in the case of the senior director fraud and dereliction of duty.This series of financial fraud events make investors no longer trust the internal control information disclosed by listed companies.The occurrence of the phenomenon of financial fraud and management dereliction of duty largely due to the company's internal control system loopholes,so that some high-level can take advantage,and listed companies have chosen to conceal the loopholes in the internal control system,resulting in listed companies and investors,the information between the asymmetry.The occurrence of such a situation will result that investors can not make the right decision based on the internal control information disclosed by the listed company,injurying the minds of money holders seriously,causing that the distrust and panic of investors to the whole market.Therefore,the capital market needs high-quality internal control information to stabilize the market.Based on the purpose of internal control information disclosure,combined with the relevance and reliability requirements of the "Quality characteristics of accounting information",the internal control information of the effectiveness and timeliness asthe core measure,pointing out that the key to influencing the quality of internal control information disclosure is whether the listed company in a timely manner to disclose the major deficiencies of the company's internal control system.This paper constructs a new quality evaluation standard for internal control information disclosure by scientific and comprehensive principle.This is not only for investors and the normal operation of the capital market is of great significance.As an independent third party,accounting firm audit the listed company's internal control system and then to monitor and protect its disclosure of internal control information.Therefore,from the perspective of internal control audit,it is an important breakthrough and entry point to research the improvement of the quality of internal control information disclosure.The article selected several quantifiable and representative indicators-internal control audit opinion,audit fees,internal control audit term,firm reputation.As independent variables using normative and empirical research methods.This paper studies the effect of these four specific characteristics of listed companies in China's internal quality control information disclosure.At the same time,the study of this article can specify the direction of the next step.for listed companies,accounting firms and the regulatory body.This paper draws the following conclusions: there is no significant correlation between internal control audit opinion and internal control information disclosure quality;there is a positive correlation between audit fees and the quality of internal control information disclosure,but not significant;there is an inverted U-type relationship between the term of internal control audit and the quality of information disclosure of internal control.there is a significant positive correlation between the firm's reputation and the quality of internal control disclosure.The average score of the internal control information disclosure quality of 2016 Shanghai A shares listed companies is 0.789,indicating that most of the company's internal control information disclosure work done better,but there is still much room for improvement.According to the relevant empirical research results.The reputation of the firm has a significant impact on the quality of internal control information disclosure.Therefore,listed companies should employhigher-accounting accounting firms.The accounting firm itself should also strengthen its own construction,improve the reputation and improve the quality of service.At the same time regulators should also increase the supervision of listed companies and accounting firms,introducing related policy urgently,improving the quality of internal control information disclosure of listed companies in common.