| Sarbanes-Oxley Act established new rules on the auditing, internal control and corporate governance. These rules indicated that America start internal control auditing business; greatly converted the execution environment of internal control audit, At this point, the internal control audit was widely much-talked-about topic. After the publishing of"SOX", the regulations on listed companies'internal control have advanced all over the world, new rules on mandatory disclosure have been published constantly. China issued"The Basic Norms of Corporation Internal Control"by finance etc five ministries in 2008, which will expand the accounting firms to provide audit service field in China. And China issued"The internal control supporting guidelines"by finance etc six ministries in 2010, which establishes that China will start internal control audit of the actual execution time.In this paper, on the basis of studying the international and domestic specific implementation about internal control audit, we undertake theoretical research on internal control audit and contrast domestic and international internal control audit implement environment. In this paper, we analyze internal control auditing implement environment in China from regulators, enterprise and the public accounting firms. Through the construction of internal control auditing supervision environment, in order to supervise enterprise and the public accounting firms, regulators revise and improve regulations and laws of the internal control audit, which can strengthen their internal control function and make the public accounting firms improve the auditing quality. The enterprises construct internal control which could make managers pay attentions to the effectiveness of internal control, and prevent the occurrence of mistakes and abuses, and produce efficiency and benefit, finally enhance enterprise value. Compared with financial reporting audit, internal control audit need more professional judgment, while internal control auditing quality control environment can enhance the internal control auditing quality and reduce the audit risk. In his paper based on the data from listed company, we provide direct evidence on the internal control, and find out the construction of the listed company's internal control shortage, and provide reference basis and the reference value for internal control auditing business. |
