Research On Information Disclosure Quality Evaluation Of Self-evaluation Report On Internal Control Of Agricultural Listed Companies

The discussion of the disclosure of internal control information of listed companies has always been a hot issue.Although the internal control information disclosure system in China's capital market has been relatively completed,but traditional manufacturing information disclosure as a basic assumption premise is difficult to adapt to different industries requirements and investors' high quality requirements for information.agricultural listed companies have a small share in China's market.However,But based on the importance of the agricultural industry and the support of the country,The disclosure of information on the internal control of listed agricultural companies is of utmost importance.At the same time,fraudulent incidents of agricultural listed companies are frequent in recent years,which is not conducive to the sustainable development of agricultural listed companies in the capital market.The incomplete information disclosure of the listed company's internal control self-evaluation report not only results in the damage to the interests of the creditors and shareholders,but also undermines the orderly and stable development of the capital market.This has given rise to a change in the disclosure of non-financial information internal controls——Self-evaluation report information disclosure changes.This article focuses on “How to evaluate the quality of information disclosure of internal control self-evaluation reports based on the industry characteristics of agricultural listed companies.” This paper selected the self-assessment report of internal control of listed companies in China's A-shares from 2012 to 2016 as a sample to analyze the overall disclosure.The problems were found in the situation and the cause analysis was conducted.On this basis,an evaluation index system for the disclosure quality of the internal control self-evaluation report for listed agricultural companies was constructed.The indicator system was combined with the 2016 data sample for assessment and application analysis.The research conclusions of this paper mainly include the following aspects:(1)On the whole,at present,the information disclosure quality of the internal control self-evaluation reports of 42 agricultural listed companies in China is not high and there are great differences among the companies.The mean value is 3.5256,and the maximum value is 4.2333.The minimum value is 2.2047,the scores of 16 of the 42 listed companies under the study were lower than the calculated average of 3.5256.From this perspective,the quality of disclosure of information on the self-evaluation report of internal control of agricultural listed companies needs to be further improved.Agricultural listed companies need to strengthen internal control over the quality of information disclosure in self-evaluation reports.(2)Although the relevant provisions of the "Basic Standards for Internal Control" and its supporting guidelines require listed companies to issue CPA verification reports when they disclose internal control self-evaluation reports,among the 42 sample companies,only Oriental Ocean has disclosed certified public accountants.The audited internal control self-evaluation report shows that agricultural listed companies did not disclose information in accordance with the relevant disclosure rules.(3)42 listed agricultural companies did not disclose the defects of internal control in detail in 2016.Only one company disclosed material defects and six disclosed general defects.However,they did not disclose the defects and rectification measures in detail.This is meaningless to investors.(4)From the evaluation indicators constructed,the internal control self-evaluation report was disclosed in the first half of 2017.Only the Beijing Great Wilderness violated laws and regulations.All listed companies did not change their accounting firms.Fujian Jinsen and Western Animal Husbandry did not explain the authenticity of the internal control self-evaluation report.In the internal control environment,more than half of the company's independent directors did not reach the half of ratio,corporate culture and human resources policies were not disclosed in detail,and more than 90% of listed agricultural companies did not Disclosure of relevant risk analysis and countermeasures,Details of the disclosure of control transactions related to external transactions,external guarantees,and control of investment and financing projects over currency funds,sales and collections,purchases and payment controls,a few agricultural listed companies disclosed information and communication Without supervision activities,two companies did not update the internal control self-evaluation report in a timely manner.