Research On Audit Of Listed Companies’ Internal Control

Internal control is the effective measure to guarantee the reliability of the listedcorporation’s financial reporting. In the pasted years, with many domestic and foreigncountry exposure of fraud cases, the effectiveness of internal control has received thegreat challenge, so the internal control of the independent third party audit began asrectify the capital market order, to the people’s confidence tool. From the American2002promulgated the "Sarbanes Oxley act" to our country on2008issued "basicnorms of internal control" to the2010"internal control audit guidelines". In a series oflaws and regulations of the guidance, officially launched in China the internal controlaudit business, and this new audit business will have a profound impact on the capitalmarket, to protect the interests of investors, improve the efficiency of listingCorporation management, establish a good economic environment has a profoundinfluence.A series of criteria based on the five ministries and the CICPA issued,specification based, through to the listing Corporation internal control basic status ofthe audit for statistical analysis, and using questionnaires to collect the listingCorporation inner staff control audit first-line ideas and opinions, in order to study theproblems in the audit of internal control in China’s listing Corporation. This thesisconsists of the following five parts;The full text is divided into seven parts, the specific contents are as follows;The first part is the introduction, including the research background and thesignificance of the study, and the related literatures were summarized, and explainsthe research methods and research contents.The second part briefly introduced the domestic and foreign internal controlaudit, internal control audit summary according to China’s listing Corporation, and thelisting Corporation internal control audit procedures and methods, summarizes thecharacteristics of internal control audit business.The third part of our listing Corporation audit of internal control status ofdescriptive statistical analysis, the Shanghai and Shenzhen two city listingCorporation of the audit of internal control as the research object, the implementationof the audit business of the internal control of the company in2011and2012, and summarized, summary.The fourth part, using the method of questionnaire investigation and auditfront-line staff on the views and suggestions on the audit of internal control, to studythe results of the survey, and statistical analysis.The fifth part summarizes the study found problems in the process, the part ofthe lack of auditor independence, the listing Corporation internal control auditnon-standard opinion is too small, the defects of internal control disclosure of morespecific industries, part of the company’s disclosure of internal control audit reportformat is not standardized. Analysis of the causes of problems, including; accountingfirm has its own defects, non-standard audit opinions exist defects of insufficient,major, backward industry system construction is not consistent, the audit criteria auditpersonnel knowledge structure.The sixth part, on the improvement of the listing Corporation internal controlaudit recommendations, pointed out that our country should from; to strengthen thepropaganda of the importance of internal control audit, to further standardize theinternal control audit of listing Corporation, strengthen the disclosure control defectsinside listing Corporation, strengthen the construction of internal control of backwardindustries, further accounting firms to strengthen their own construction, strengthenthe listing Corporation supervision punishment, continue to improve the internalcontrol audit system.The seventh part summarizes the conclusions, the study presented in this paper,and pointed out the limitation of this paper and prospects for the future.