Study Of Impact Factors Of Listed Companies’ Internal Control Deficiencies Disclosure

Internal control deficiencies information not only reflects the construction of the internal control system, also affects the decision of investor, creditor and market supervision. As domestic and foreign financial scandals occurs frequently in the recent years, listed company’s internal control deficiencies information get more and more attention of the accounting profession. Therefore, under the premise of the initial establishment of the internal control system, it will have certain academic and practical significance to study related impact factors of inside information disclosure control deficiencies of China’s listed companies.By results of this study will help the company management to identify deficiencies in internal control in order to improve the internal control construction and operation; Besides, it will help external independent auditors to publish fairness opinions about internal control self-assessment report; It is especially useful to investors on better reading the listed companies’ disclosure language and to make the right investment decisions; Also, it contributes to identify deficiencies in internal control, improve the regulatory mechanism for supervision organization and at the same time, it provides a basis for identifying key regulatory target for social regulatory agencies, thus ensuring capital market operate orderly.The main content of this paper is to study the main factor affecting listed companies’ disclosure of internal control defects using theoretical and empirical analysis method. First, the relevant research results are reviewed, and the connotation of internal control deficiencies and related research based theory are expounded, and then some reasonable assumptions are made. Secondly, this paper uses date of Shenzhen A-share listed companies in 2012 as samples, and takes advantage of logistic regression analysis to disclose the correlation of assumptions and the disclosure of internal control deficiencies of listed companies, and to identify the main factors affecting internal control deficiencies disclosure. In this paper, the assumptions are based on two aspects of the internal features and external regulatory characteristics. The study found that the proportion of independent directors, company size and internal control deficiencies disclosure had a significantly positive correlation; CEO duality, years of listed had a significantly negative correlation with internal control deficiencies disclosure; size of board of supervisors has a positive correlation with internal control deficiencies disclosure; state-owned shares and internal control deficiencies disclosure had a negative correlation, but not significantly; type of audit opinion and punished situation had a positive correlation with internal control deficiencies disclosure, but not significant.Finally, according to these research findings, this paper puts forward some countermeasures and suggestions to improve the internal control deficiencies disclosure of listed companies.