A Study On The Information Disclosure Quality Of Internal Control Self-assessment

Information disclosure of internal control is a research hot topic in recent years. Whetherthe information disclosed can meet the need of investors is the essential criteria of high quality ofinformation disclosure. Present research do not pay enough attention on the definition andmeasurement of disclosure quality of internal control information, these research do not discusswhat is high quality of information disclosure in detail, the majority of literature directly use thecontent required to be disclosed by internal control norm or guidelines as evaluation indicators,so the conclusion of these research did not have good convincing.This paper selected internal control self-assessment report as research object., mainlyanswered high quality of internal control information should meet what basic features, whatfactors affect the disclosure quality of internal control information. First, the paper consideredinvestor demand should be meet as basic requirement, the quality feature of information and thequality of disclosure behaviour should also be considered. From this two dimensions we canbuild a multi-level model to reflect the quality of information disclosure, this model at leastcontain four specific indicators such as relevance, reliability, timeliness and comparability. Then,the paper performed empirical research, the empirical results show that companies whichestablished audit committee have higher quality of information disclosure; companies whichhave high proportion of independent directors have high quality disclosure; companies whichhave high degree of supervisors diligence have higher quality of information disclosure;cross-listed companies have high quality disclosure; the longer the time companies listed,theworse the quality of information disclosed.; the external audit do not play vital role.; the size ofcompany and industry do not have strong relationship with the quality of disclosure. Finally, thispaper proposed path as build accountability mechanism, restrict audit regulation, optimize thestructure of corpotate governance, guide investor cognitive to promote the disclosure quality ofinternal control information.