Research On The Effectiveness Of Internal Control Of Jinke Real Estate

After the Enron incident in 2001,the United States enacted the Sarbanes-Olis Act,requiring listed companies to implement internal control over financial reporting.The promulgation and implementation of the "SOX Act" means that the United States is the first to enter the mandatory stage of internal control.At the same time,in order to strengthen and standardize the internal control of enterprises,China has improved its management level and risk prevention capabilities.The five ministries and commissions promulgated the "Basic Standards for Internal Control of Enterprises" and the "Supporting Guidelines",requiring enterprises to comprehensively do a good job in the internal control of financial reporting,self-evaluation and auditing,and do a good job of internal control disclosure as required.The "Basic Norms" and"Supporting Guidelines" jointly established the internal control system of Chinese enterprises.Since January 1,2011,the company has been listed at the same time both domestically and overseas.Since January 1,2012,it has expanded to Shanghai Stock Exchange.The implementation of the internal control supervision system of the company on the main board of the Shenzhen Stock Exchange has officially entered the mandatory supervision stage.The author uses the combination of empirical analysis and case analysis to analyze the effectiveness of internal control of Jinke under different government supervision stages,in particular:First of all,the author reviews and comments on the internal control of the government supervision stage,the internal control evaluation framework and indicator design,and the impact of government supervision on the internal control of enterprises.It lays the foundation for the study of the effectiveness of internal control of enterprises under different stages of government supervision.Secondly,theoretically,the research on the effectiveness of internal control of enterprises under different stages of government supervision,including the stage of internal control of government supervision,the internal control of government intervention theory,public interest theory,information asymmetry theory and institutional change theory.The government supervision theory and the internal control evaluation index system are based on the realization of the five objectives of internal control.Finally,based on the perspective of the five objectives of internal control,the factor analysis method is used to demonstrate the changes in the internal control effectiveness of Jinke’s shares from the voluntary supervision stage to the mandatory supervision stage.It is found that the internal control of Jinke shares under the mandatory supervision stage is effective.The comprehensive score for sex is much higher than the voluntary supervision stage and is compared with the overall real estate industry.Then it analyzes the reasons why the internal control effectiveness of Jinke shares is higher than the voluntary supervision stage under the mandatory supervision stage,summarizes the problems of internal control and government supervision of Jinke shares under the mandatory supervision stage,and proposes to improve the effectiveness of internal control and The recommendations of the regulatory authorities on how to improve the supervision system provide certain practical enlightenment for companies such as SMEs and GEM that are not included in the mandatory supervision stage.