A Study On The Reform Of Internal Control Defect Rectification In Listed Companies

Since the Enron incident,the United States passed the SOX Act in 2002,transitioning internal control disclosure from voluntary disclosure to m andatory disclosure,which has also led more researchers to focus on internal control research.Under the influence of the SOX Act,the Chinese government gradually established and improved the internal control system of the enterprise.Since 2006,the Shanghai and Shenzhen stock exchanges have issued special documents to assess the internal control of listed companies and disclose them.In 2008 and 2010,the Ministry of Finance and the Ministry of Finance jointly issued the “Basic Standards for Internal Control of Enterprises” and its guidelines.Since then,China's listed companies have been forced to provide internal control self-evaluation reports in the company's annual report.If there are major defects in the internal control of the enterprise,it is required to be disclosed in the internal control self-evaluation report,and the internal audit report states that once internal control occurs In the case of major defects,listed companies should be repaired as soon as possible to eliminate or mitigate t heir adverse effects.With the development of internal control mandatory disclosure,more and more internal control defects have emerged,and related research has gradually improved.However,most of the research is limited to the discovery of internal control defects and the exploration of its corresponding influencing factors.The relevant theoretical research on the rectification of internal control defects found in listed companies is insufficient.Some studies are limited to big data model analysis,and can not be combined with actual case enterprises for specific analysis.There is no auxiliary research on specific theoretical results.This paper selects Antai Group as a specific case for the rectification of internal control defects of listed companies,and analyzes the situation in which it has been continuously issued non-standard opinions in 2014-2018 and its frequent pick-and-release behavior during this period.Exploring the reasons for its rectification behavior and the fact that its rectification effect is not optimistic has been issued many times.The slow progress of the internal control defects may have a greater impact on the production and operation of the enterprise,and also affect the judgment of investors and the market environment.Therefore,this paper explores the reasons for the development of listed companies.Give play to help.The article explores the internal control defects of Antai Group and its specific rectification from the perspective of the five elements of internal control,and adopts methods of literature review,statistical analysis and case analysis.After in-depth analysis,the problems caused by the internal control defects of Aetna Group are still not optimistic in the past few years,and they are still affected by the related party transactions.Then,the factors behind the slow and incomplete rectification are analyzed,and relevant rectifications are proposed for the internal control rectification of listed companies.It is recommended to promote the implementation of the internal control system.