A Study On Self-assessment Of Enterprise Internal Control

From the enactment of SOX Act to the release of our country's "Basic Standard for Enterprise Internal Control", scholars had done much research on internal control. There is no lack of internal control evaluation research in these studies, but the perspective is different. Overall, it's more appropriate to study the self-assessment of internal control through the internal control self-assessment report. Our study found that many problems exist in the current self-assessment of internal control of listed companies, such as the discrepancy in the content disclosed by different companies, low information in the content disclosed and small number of companies who are voluntary to disclose the report of self-assessment.In attempt to solve the problems above and improve the present situation that we lack systematic study of the self-assessment of internal control, this article designed a system of self-assessment of internal control according to the latest system of standard for enterprise internal control. This system includes five subsystems. They were system of assessment objectives, system of assessment subject, system of assessment indexes, system of assessment results and system of internal control self-assessment report.The system of assessment objectives was made up of five objectives that were chosen from Basic Standard for Enterprise Internal Control. They're strategic objectives, operating objectives, financial reporting objectives, assets security objectives, objectives of compliance and legitimacy. The system of assessment subject could be divided into three levels: leadership level, implementation level and execution level. The system of assessment indexes includes two parts that were design effectiveness indexes and operating effectiveness indexes. This article used a new way named two-dimensional chart to analyze the assessment results. To illustrate the two-dimensional chart, a few cases were made use of by the author. The system of internal control self-assessment report contains text and tables. These tables make the report looks more intuitive and more vivid. It has some practical value because it achieved a combination of qualitative and quantitative.To make a better internal control, it is not enough that we only have a system. It also needs the companies to have a stronger ability to execute. In addition, the establishment of quantitative evaluation criteria also helps to promote the system of internal control self-assessment.