A Research On Internal Control Information Disclosure Of Chinese Listed Companies

It is not difficult in legislation, but in implementation for things all over the world. American enron, worldcom, serious property due to false tampering with whitewash financial statements, make a serious blow securities market, its direct consequences even to external investor confidence causes severe turbulence. The USA passed the act of SOX in 2002 to require public companies to disclose internal control information in 404 clauses.In2006 Shanghai Stock Exchange(SSE)and Shenzhen Stock Exchange(SZSE)issued the"SSE guidelines for internal control of listed companies"and"Shenzhen internal controlguidelines for listed companies",requiring listed companies to reveal the internal control self-assessment report and the accounting firm's audit report,which means the disclosure of internal control information of China entering the stage of compulsory disclosure from voluntary disclosure.This paper will be divided into four parts. The first part is introduced, and the introduction of background, significance, and the related literatures were reviewed. The second part for information disclosure and internal control relevant theoretical research, mainly introduces the information asymmetry theory and the theory of signals. The third part in Shanghai as an example for analysis of the listed company's internal control information disclosure level factors. The fourth part for internal control relevant information disclosure research suggests the subjective and the objective of the two aspects and puts forward some Suggestions.