The Research On The Factors That Influence The Internal Control Information Disclosure Of The Corporations In SME Board

Investor confidence has been punctured by financial fraudulent cases happened frequently at home and abroad in recent years. These cases also bring about many negative impacts on the domestic economy even the global economy. The reason lies mostly in the failure of internal control, therefore the internal control system seem increasingly important in a company, internal control information disclosure is desired by all social sectors. The internal control information can reflect the situation of internal control system, through the information of internal control those who on the outside can understand the situation of company internal control system, then can help potential investors make right decisions of investment. It is, to some extent, theoretically and realistically significant that the analysis of influencing factors on the quality of the internal control information a company discloses in a manner of combining criterions with empirical research.This paper focus mainly on three aspects. Firstly, the dissertation reviews literature of internal control information inside and outside China. Then introduced the connotation and the historical course of SME board and internal control, and analyzed the internal control information disclosure from theoretically, include principal-agent theory, asymmetric information theory, signaling theory, it demonstrates relationships amongst these theories and internal control disclosure as well. These theories have a basis and guiding role for the study of internal control information disclosure.Secondly, this article demonstrated the factors which impact SME board listed companies'internal control information disclosure. This section is the focus and core of the article, according to theoretical analysis, ten explanatory variables are selected, and by content analysis, we constructed the index of internal control information disclosure as dependent variable. It selected the internal control information in the annals issued by the companies in SME board from 2007 to 2008 period as the analysis object. Constructing multiple regression model, analyzing many factors which impact SME board listed companies'internal control information disclosure by using descriptive statistical analysis, correlation analysis and hierarchical regression analysis, and to make a summary of the demonstrate.Finally, from listed the results of this research, regulatory institutions, and certified public accountant points of view, the dissertation gives some advice to improve the quality of SME board listed companies'internal control information disclosure.