Research On The Influence Of Top Management Team's Attention And The Disclosure Of Internal Control Defect

In today's enterprise operation,most of the senior team members are in the changing market environment.They face the information that will be updated every day and the miscellaneous and trivial affairs,but also need to focus on dealing with the most urgent and important information and affairs.For the construction of the main macro level of the enterprise,the members of the senior management team should clearly understand the current situation and future development direction of the enterprise,carefully and acutely capture the information from the society and the inside of the enterprise,strengthen the construction of the five elements of the internal control of the enterprise,so as to effectively guarantee the disclosure of the internal control defects of the enterprise.Based on the attention focus of the senior management team in making decisions,they tend to make choices and judgments at the beginning.Based on the enterprise's basic view of attention,the antecedent variable of the executive team's attention is defined as the demographic characteristics of the executive team.It is believed that the focus and tendency reflected in it can be directly reflected in their attention allocation later.It can be seen that it is more direct to use the attention of senior management team to explain the influence of their cognition and preference on the strategic choice of enterprises.The information and disclosure of the internal control of enterprises are the issues concerned by all sectors of society and enterprises.It helps all parties to understand the general situation and future development direction of listed companies,and provides a clear guidance for users who need this part of information,which is another business card of the enterprise.The information released by internal control disclosure is also an important source of information concerned by information users and other groups.If the enterprise can disclose the defects of internal control in a real and detailed way,it can improve the utilization rate and practicability of information to a great extent,and at the same time,it can also improve the investment motivation of information users.The defect of internal control is the reflection of information related to the internal control state of an enterprise,which can fully reflect some states of internal control activities of an enterprise.On the one hand,if the value judgment of stakeholders is affected to some extent,the long-term development of enterprises is bound to be affected.On the other hand,if the internal control disclosure of the enterprise is not timely or false for a long time,then the enterprise itself will be paralyzed and the awareness of risk prevention will be reduced,which will lead to more serious consequences.Therefore,it not only needs the supervision and restriction of the CSRC and the public,but also our academic circles should strengthen the research on the disclosure of the internal control defects of enterprises,further standardize the disclosure of the internal control defects of listed companies,and improve the practicability of the disclosure of the internal control defects.As one of the emerging sectors of China's capital market,GEM listed companies provide many small and medium-sized enterprises with development opportunities and financing platforms,which greatly improves their own business situation and ability to deal with risks.The case company selected in this paper,Geeya technology,is the first batch of listed companies to enter the growth enterprise market.It has an intelligent and large-scale production system.Opportunities and crises coexist.It has a large development space and strong risk.However,since its landing on GEM,internal control has been in a weak state,leading to problems in the disclosure of internal control defects of Geeya technology.From a new perspective,from the perspective of Geeya technology's senior management team's attention to internal control,by using text analysis,through the overview of internal control information disclosure,understanding the relevant theories and disclosure requirements,this paper studies the problems in Geeya technology's internal control defect disclosure,analyzes the causes of the problems,and ultimately improves the credibility of internal control defect disclosure,so as to achieve disclosure Perfect,true and effective.