Research On Correlation Between Corporate Governance And Internal Control Information Disclosure

In recent years,there have been many cases related to the failure of internal control and the failure of internal control information disclosure in China.The listed companies have been warned publicly and fined by the SFC many times.Since the disclosure of internal control has entered the compulsory stage in 2012,there still exist some phenomena in the capital market,such as concealment of unfavorable internal control information,the light of the light and the loopholes in the law.The China Securities Regulatory Commission(SFC)launched the "China internal control and Risk Management Summit" in 2017.At the meeting,it said that the China listed company association was revising the listed company governance standards in time,guiding the company to further improve the corporate governance,and strengthening the supervision of the internal control information disclosure.According to this series of events,there are many reasons that affect the disclosure of internal control information,but the most profound problem is corporate governance.Corporate governance is the cornerstone of internal control,which can coordinate the interests of multiple stakeholders,and has an important impact on the quality of disclosure of internal control information.By reading a lot of domestic and foreign literature,this paper studies the theory of internal control,corporate governance and internal control information disclosure,and puts forward the hypothesis and sets up a multiple linear regression model.This paper uses the content analysis method to quantify the explanatory variables by using the "content analysis method" for the 2014-2016 years of China's A shares listed companies in the Shenzhen stock market.From three aspects of timeliness,integrity and reliability,eighteen evaluation indexes are scored,and the assignment is divided into 5 grades from strong to weak,which is "4,3,2,1 and 0".Further divide corporate governance into three factors,including ownership structure,governance structure and other governance mechanisms.Using SPSS software,we first use descriptive statistics to analyze the status of internal control disclosure and the characteristics of independent variables from different angles,then analyze the correlation andregression between the variables,and finally study the influence of corporate governance factors on the quality of internal control disclosure.Through the empirical analysis,the following results are obtained: the quality of internal control information disclosure has been in a stable state from 2014 to 2016 and the overall level needs to be improved,and the internal control supervision and control of the enterprise lacks new impetus in the new period;the ownership concentration,the actual controller type,the board size,the independent director's ratio,the audit opinion type,the financial bar and the inside are in the new period.The relationship between the quality of information disclosure is very close;among the other variables,the proportion of fund ownership has the exploration value in a particular industry,the influence of the number of board meetings and other board characteristics is weak,the supervisor will play an indirect role,and the effect of the audit institution type is weakened under the trade-off of the principle of cost benefit.At the end of the article,the paper puts forward further improvement suggestions on how to improve the quality of internal control information disclosure and improve corporate governance.In the law,it is clear that the board of directors will be responsible for internal control disclosure,unify the disclosure format of internal control,and require mandatory disclosure and set up high fines;on the subject,the enterprise should improve within a reasonable range.The ownership concentration and the number of directors,the introduction of non state or fund investors,increase the proportion of independent directors,enhance the pertinence of the board of directors to the internal control,adhere to the two separation of chairman general manager,strengthen the professional quality of the members of the board of supervisors,hire excellent audit institutions to issue high quality audit reports,and reduce the company's asset liability rate.