| In recent years,the research on the relationship between the internal control quality and the accounting information quality has been well received by the academic circles.It is followed that the improvement of the quality of accounting information can be achieved through the construction and improvement of the internal control system by practical circles.In China,the phenomenon of accounting information distortion is serious,and the quality of accounting information is worrying.The research on the relationship between them is mainly aimed at the motherboard market.What’s the relationship between the internal control quality and the quality of accounting information of Listed Companies in GEM ?This problem is worthy of study.In 2013,the financial fraud case of Wanfu health department also reflects the phenomenon of accounting information distortion in China’s GEM.In order to promote the healthy development of China’s GEM and provide suggestions for investors,it is very important to study the impact of internal control quality on the quality of accounting information for GEM.On the basis of other scholars’ research and the actual situation of China’s GEM,I focus on the construction of internal control quality comprehensive evaluation system and the influence of internal control quality on the reliability and value relevance of accounting information.This paper mainly adopts the combination method of theoretical analysis and empirical analysisIn the part of theoretical analysis,this paper reviews the research of domestic and foreign scholars on the quality of internal control,the quality of accounting information and the influence of the internal control quality on the quality of accounting information.And then this paper makes a comment on the basis of arrangement.Then,the internal control,the quality of accounting information and listed companies on the GEM are defined.Focusing on the principal-agent theory,asymmetric information theory,and stakeholder theory,this paper expounds the influence of the internal control quality on the quality of accounting information.Furthermore,the paper explains the relationship between them from the angle of the internal control elements and the target angle and puts forward the research hypothesis of this paper:1,For the GEM listed companies,the internal control quality are positively related to the reliability of accounting information.2,For the GEM listed companies,the internal control quality are positively related to the value relevance of accounting information.In the part of research design and empirical analysis,from the five objectives of internal control,the internal control quality comprehensive evaluation system was constructed,and the principal component analysis method was used to calculate the internal control quality according to the 7 main factors.Using the modified Jones model to calculate the discretionary accruals in order to measure the reliability of accounting information,this paper selects the appropriate control variables and sets up the regression model 1 of the impact of internal control quality on the reliability of accounting information.According to the data of 2011-2015 of GEM listed companies,using stata13 to analyze the data to get the regression results,it draws a conclusion:the internal control quality are positively related to the reliability of accounting information.The regression model 2 was established by the revised price model.According to the numerical value of the quality of internal control,the Sample Firms is classified into low quality and quality high Sample Firms.By comparing the regression results,this paper draws the conclusion:the internal control quality are positively related to the value relevance of accounting information.In addition,with the internal control index of Shenzhen Dibo enterprise risk management company as an alternative to the quality of internal control,robustness test is carried out.Finally,according to the research conclusion,the paper puts forward some suggestions on improving the quality of internal control in order to improve the quality of accounting information. |
