Research On The Status Quo And Influencing Factors Of Selective Disclosure Of Internal Control Information In Main Board Listed Companies

In 2008,China's Ministry of Finance and other five ministries and commissions promulgated and implemented the "The Basic Norms for Enterprise Internal Control ",and China's internal control construction entered a period of rapid development.In 2012,the Ministry of Finance and the China Securities Regulatory Commission jointly issued the "Notice on the Classification and Implementation of the Internal Control Standards System of Main Board Listed Companies in 2012",which indicates that China's internal control information disclosure has entered the mandatory disclosure stage.More and more main board listed companies have disclosed their internal control self-evaluation reports.However,only a few main board listed companies will disclose their internal control defects.Whether the internal control information disclosed by the main board listed company truly reflects the operation status of its internal control,whether the mandatory disclosure policy of internal control information has alleviated the information asymmetry between external investors and internal managers,and whether it can promote the construction of internal control of listed companies in China.All these issues are worth exploring and researching.This paper uses the case of Huaze Cobalt&nickel Co.,Ltd.,and combines with the analysis framework of "GONE" theory to explore the influencing factors of China's Main board listed companies' internal control information selective disclosure behavior.This article is divided into seven parts.In Chapter 1,the research,importance,content and methods of the study have been briefly introduced,and the innovations and disadvantages also been summarized.In Chapter 2,the research of internal and external impact of China's internal control information disclosure are under review.The third chapter contains the definition of concept,theoretical basis and institutional background.The first part defines the concept of internal control information disclosure and selective disclosure of internal control information.Then it summarizes correlation theory,such as "GONE" theory.And then it combs the relevant regulations.The fourth chapter makes a descriptive statistics on its current status of China's main board listed companies,and further proves the existence of selective disclosure of internal control information.The fifth chapter and the sixth chapter use the analysis framework of "GONE" theory to analyze the influencing factors of the selective disclosure of internal control information The seventh chapter is the conclusions and recommendations of the study,summarizing the research conclusions of this paper and combining the previous analysis to propose relevant suggestions and measures.The main contribution of this paper is to summarize the latest status of internal control information disclosure of China's main board listed companies,and analyze the implementation effect of the mandatory disclosure policy of internal control information.In addition this paper combines theoretical analysis with case analysis,and the influencing factors of sexual disclosure were studied in depth.The shortcoming of this paper is that there may be some limitations based on the characteristics of case studies.