The Internal Control On The Quality Of The Earnings Forecast Research

Since the beginning of the 21 st century,with the development of economy,market participants demand for the enterprise accounting information increased gradually.In order to alleviate the information asymmetry phenomenon,solve the problem of lag of annual report,alleviate the annual report disclosure stock price volatility caused by too much information,performance forecast system in our country produce and gradually mature.Literature on the influence factor of performance forecast research focused on the board of directors,corporate governance,external supervision,executive pay and company characteristics and so on,few focused on the perspective of internal control.While internal control by separating the incompatible duties,risk control planning,enterprise business layers of examination and approval system,can reduce human and non-human factors for enterprise false information,improve the quality of accounting information.Therefore,it is of practical significance to study the effect of internal control on the quality of performance forecasting.Due to performance forecast system in our country belongs to the mandatory disclosure,voluntary disclosure is complementary special disclosure,the provisions of the small and medium-sized board and main board companies,gem has certain difference,this paper in order to be able to do integral whole a-share stock market in China,to research the a-share listed company internal control on the quality of the earnings forecast,and explore the effective ways to improve the quality of earnings forecast.This paper takes the data of a-share listed companies in China from 2012 to 2016 as samples,and studies the influence of internal control on the quality of performance forecast.This paper is divided into four parts: the first part introduces the background,significance and content of the topic,and reviews the existing researches.The second part introduces the relevant system background;The third part puts forward the research hypothesis and analyzes the empirical results.The fourth part puts forward policy Suggestions based on the research results,and points out the shortcomings of this paper.At first,this paper collected according to the regulations system of performance forecast should carries on the preliminary results of 2012-2016 data of a-share listed companies,get 6185 samples,study the effect of internal control of performance forecast violations;Subsequently,the data of the company that published the performance forecast in these samples were selected,and 3610 samples were obtained to study the influenceof internal control on the performance prediction and timeliness and accuracy.Second,with the internal control index to measure the quality of internal control,build the regression model,through empirical analysis can obtain the following conclusions:(1)the internal control can inhibit the preliminary results of enterprises to a certain extent violations;(2)internal control can improve the timeliness of performance forecast information;(3)internal control can improve the accuracy of performance forecast information.