Research On Information Disclosure Of Internal Control Deficiencies In Everbright Securities

The disclosure of information on internal control defects is the obligation of information disclosure of listed companies,and it is also the core content of detailed disclosure of its internal control situation.However,the majority of listed companies in China did not pay sufficient attention to the disclosure,the disclosure of internal control defect did not reflect the company's real internal control management level,seriously affected the external investors and the relevant regulatory judgments and decision-making.To this end,the state regulatory authorities and the stock exchange are paying more and more attention to internal control deficiencies in information disclosure of listed securities companies,and gradually strengthened its supervision of internal control system construction.Based on the information disclosure status of Everbright Securities in 2011-2016,the author makes a special study on the disclosure of internal control deficiencies by combining the basic theory and knowledge of internal control defect disclosure and the combination of data statistics and analysis.From the disclosure of internal control deficiencies of the authenticity,integrity,accuracy,timeliness and other aspects,making a comprehensive and in-depth analysis of the corporate's internal control deficiencies in the information disclosure situation.Through the analysis,The authors believe that there are many problems with the disclosure of internal control defects in everbright securities,which is mainly reflected in the fact that the disclosure of internal control defects is inadequate and avoiding the heavy part of the disclosure;the disclosure rate of the internal control deficiencies is low;the standard setting is not operational;the information of the disclosure of internal control defect content is low;the readability is not strong;internal control defect information disclosure timeliness is poor,disclosure is not timely.And the governance layer has the motivation to conceal the internal control defect,company ownership structure restrict the disclosure of internal control defect,the independent directors play the limited role,the board of supervisors have not audited the disclosure of the internal control defects effectively,the cost of information disclosure affect disclosure decisions,the establishment and supervision of the relevant laws and regulations still lacking,the above are the main causes of the problems in the disclosure of internal control defects.Finally,the author puts forward measures for rectification of Everbright Securities' information disclosure of internal control defects and its enlightenment to the industry.Everbright Securities' measures for rectification the disclosure of internal control defects: to enhance the company's motives of the information disclosure of internal control deficiencies,to develop a clear and complete standards of internal control defect disclosure,optimize the corporate governance structure,increase the content of the special risk of internal control information disclosure;the Enlightenment of disclosure of internal control defects in securities industry: to improve the related laws and regulations of disclosure of internal control defects,to strengthen the supervision of disclosure of internal control deficiencies,to establish a clear legal responsibility casting mechanism,to stimulate the effective needs of internal control deficiencies information.The author chooses to do a special study on the information disclosure of the internal control deficiencies of Everbright Securities,and it will undoubtedly play a positive role in promoting the disclosure of the internal control defects of the listed brokers,and urging the supervisors to further strengthen the supervision of the information disclosure of the internal control deficiencies of the listed brokers,protecting the legitimate rights and interests of investors.At the same time,it also provides some experience and reference for the research on the theory of disclosure of internal control defects in China's securities industry.