Evaluation Study On Effectiveness Of Internal Control Of Listed Companies In China

After U.S. fraud cases swept the stock market, the phenomenon of the absence ofinternal control had received unprecedented attention in listed companies. As variousexternal measures cannot achieve the desired regulatory objectives, marketparticipants and regulatory authorities began to divert their attention to the internalcontrol system of listed companies. They wanted to set up a serious of strict controlmeasures to eliminate the occurrence of fraud cases from their origination. As a result,internal control gradually became a hot policy topic for the supervision of the listedcompany; meanwhile, internal control began its standardization.On April26,2010, the ministry of finance and other five ministries jointly issuedthe "enterprise form a complete set of internal control guidelines"(hereinafter referredto as "supporting guidance"). The form a complete set of guidelines include "theapplication guide of enterprise internal control","enterprise internal controlevaluation guidelines" and "enterprise internal control audit guidelines". At this point,the Chinese enterprise internal control standard system basic built. However, there arestill some drawbacks. On the one hand, the enterprise internal control evaluationguidelines "and" the enterprise internal control audit guidelines," given priority towith qualitative about the effectiveness of internal control related advice, lack ofquantitative level of internal control of listed companies is not conducive to transversecomparison and overall evaluation. At present, our country most of the listed company,on the other hand, the internal control self assessment report, all think that their owninternal control audit report is complete and effective internal control system, and theactual situation and the from all walks of life. There are many differences betweencognitive. Therefore, whether government departments and regulators, investors andthe public have to through a third party, quantitative evaluation of the listed companyinternal control level is looking forward to.This article attempts to the listed company to build a comprehensive, scientificand practical evaluation index system of internal control effectiveness. First, definingthe related concepts in this paper, the internal control, the audit theory, managementtheory, economics theory and risk management theory as the implementation ofinternal control effectiveness evaluation theory of listed companies, respectively fromforeign and domestic literature and literature has carried on the literature review,focus on combing the concept of internal control effectiveness definition, characteristics and influence factors of internal control effectiveness, from the aspectsof information disclosure of internal control the effectiveness of the research, from theaspects of the internal control environment of internal control research and from theaspects of internal control effectiveness evaluation of the effectiveness of internalcontrol effectiveness research and so on, and a literature review was carried out.Second, mainly discusses the effectiveness evaluation index system of internal controldesign of six evaluation dimensions, designs the evaluation index system of internalcontrol effectiveness, including the evaluation index of6one class and11secondaryevaluation index, and constructs the comprehensive evaluation model. In selecting2012top1075in China, Shenzhen and Shanghai motherboard a-share listedcompanies as research samples, through the model calculates the comprehensivescores ranking of1075listed companies, and the research results are areas, divisions,public place of comparison and analysis.