Research On The Disclosure Of Substantial Loopholes In Internal Control Of Listed Banks

With the strengthening of our country's regulation of banking supervision and regulation,the listed banks' disclosure of internal control information has been taken more seriously,but it has a serious impact on the fact that the disclosure of the actual disclosure of the internal control of the listed banks is still in the early stages of research.At present,the definition of "material weaknesses" in China is still in the academic theoretical research level,and the policy guidance related to the material weaknesses is not improved,and the theoretical circle has mainly studied the disclosure of material weaknesses in China with the results of foreign research.Therefore,it is of practical significance to study the disclosure problem of internal control of listed banks and to improve the mechanism of internal control.This paper takes the agricultural bank of China(ABC)as an example to study the related problems of the disclosure of internal control of listed banks.Firstly,based on the previous research results,this paper puts forward the "material weaknesses of the listed banks internal control classification method",classifies the internal control of listed banks and subdivides them into secondary subcategories.In the control activities,the material weaknesses is further divided into the internal control of the financial report and the internal control of the non-financial reports,and the concrete concepts of the two are clarified and differentiated.Secondly,this paper analyzes the ABC from 2010(part of 2009)to 2016,the internal control of relevant information,find the ABC in financial reporting and internal control of financial reporting internal control level there are material weaknesses.Thirdly,through the analysis found that the ABC in material weaknesses to disclose internal control disclosure of material weaknesses exist in the too passive,the defect that is not reasonable,lack of substantial contents,disclosure and audit report of material weaknesses subsequent corrective illustrate such problems as insufficient.Fourthly,through to the ABC the material weaknesses disclosure of the internal control influence factors,found that the ABC on material weaknesses disclosure initiative will is not strong,not enough emphasis on material weaknesses disclosure,lack of unified normative related legal system and regulatory agencies have not accurate disclosure of listed banks defects to punish too lower cost factors,all can affect the quality of information disclosure of the internal control of the ABC.Finally,in view of the problems existing in the internal control of the ABC,the paper puts forward some suggestions for improving the internal control information disclosure mechanism of China's listed banks by improving the laws and regulations,strengthening external supervision and improving the disclosure of material weaknesses.The contribution of this paper is that the ABC,for example,combined with the article puts forward "material weaknesses of the listed banks internal control classification method",the research on Chinese listed banks material weaknesses to disclose internal control problems and factors that influence the material weaknesses disclosure for improving material weaknesses listed banks in our country internal control disclosure policy suggestions are put forward.