Research On The Disclosure Of Internal Control Deficiencies Of Listed Company

Internal control play an important role of self-regulation and self-restraint in the company's production and business activities,its content constantly enrich with the economic development. Since the last century,the emergence of a series of financial fraud scandals,such as Enron fraud case,GM events,resulting in serious economic consequences,forcing the public's attention to improve the internal control system and disclosure of internal control deficiencies.In 2002,the United States take the lead in enacting "Sarbanes-Oxley Act", mandatory for listed companies have to disclose its internal control information to achieve effective management of listed companies and maintain the confidence of investors.In 2008,China promulgated the "The Basic Norms Of Internal Control", requires listed companies to respond to the effectiveness of the internal control system of self-evaluation and disclose the self-evaluation reportIn 2010 introduced the" Supporting Guidelines For Enterprise Internal Control",requiring listed companies to hire certified public accountants attestation report. With these policies,more and more scholars' research will shift to disclose internal control deficiencies.This article first studied relevant literature review,proposed research content and direction. Secondly, based on the study of the internal control and its flawed theory, this article analyzes the necessity of the disclosure of internal control deficiencies.By statistics the aiticle describe the general situation of China's internal control deficiencies disclosuer and points out its shortcomings,such as deliberately concealed, disclose a mere formality,etc.These problems have seriously affected the quality of internal control disclosure.Finally we selected the case of Shanghai Chao Ri Solar Energy Technology Co.,Ltd.By researching the company's nearly three years of internal control self-assessment report and the audit report,the article evaluate the problem of it's internal control deficiencies disclose,and proposes measures to improve our internal control deficiencies disclosed information.