Research On Information Disclosure Of Internal Control Of Listed Companies

The problem of internal control information disclosure of listed companies is a difficult problem that the academic circles have continued to pay attention to,but they are still concentrated in the listed companies on the main board,and the listed companies on the GEM are still relatively few.In fact,because the GEM listed companies are mostly high-tech industries,the risk is greater,so the GEM listed company's internal control information disclosure should be more real and full.With the basic formation of the internal control system of China's securities market,the internal control information disclosure of listed companies on the GEM also aroused the attention of regulators.Regulatory authorities in 2014 to strengthen the GEM delisting system,in 2016 Xin Tai Electric to become the first GEM market was permanently delisting of the enterprise.The quality of listed companies in China has aroused widespread concern.The research on the ownership structure and capital structure of listed companies on the GEM is also increasing,while the research on the internal control information disclosure is relatively insufficient.This paper analyzes the overall situation and problems of internal control information disclosure of listed companies on the GEM by using the method of descriptive statistics,which is based on the internal control self-evaluation report and the internal control forensic report of the listed companies from 2009 to 2015.On the GEM delisting the first shares of Xintai Electric Company,for example,its internal control information disclosure in-depth study to find out the company's problems and reasons to fully verify the above-mentioned listed companies listed on the GEM Internal control information disclosure and its specific;Finally,for the entire GEM listed companies internal control information disclosure of the status quo and issues,suggestions for improvement.n this paper,it is found that the disclosure of internal control information of listed companies in China does not clearly clarify the responsibility of the main body of responsibility,disclosure is not unified according to the rules,the disclosurecontent is not fully incomplete,can not guarantee the true reliability of self-assessment report and forensic report problem.Through the in-depth analysis of Xintai electrical case,found that the company's specific problem is the entire GEM listed companies internal control information disclosure of the specific performance,mainly as follows: voluntary reliable disclosure is not strong,did not clearly clarify the responsibility of the responsibility of the main Report the disclosure of the contents of the report is not complete,self-assessment report disclosure content is not real unreliable,forensic report and verification opinion is not true.In order to solve the above problems,this paper puts forward some suggestions on how to improve the internal control information disclosure of listed companies in China: First,we must strictly define the responsibilities of the responsible parties,not only to implement the responsibilities of the board of directors,but also give full play to the duties of independent directors and supervisors;To clarify the internal control information disclosure evaluation basis;third is to clearly regulate the content of internal control self-assessment report;Fourth,improve the internal control system,start from the system to strengthen the internal control system,but also strengthen the implementation of internal control system;Five is to strengthen the external third party audit and verification;six is to strengthen the supervision of internal control information disclosure.The innovation of this paper lies in: First,the use of case study methods have some innovation.The existing research on the internal control information disclosure of the GEM is mostly based on empirical research or normative research,and almost no case study is used.This paper takes the latest typical company,Xintai Electric as an example,to further verify and refine the analysis of the internal control information disclosure of the listed companies on the GEM,and put forward the suggestions,which is rare in the existing research literature.Secondly,according to the characteristics of the listed companies in the listed companies,this paper,based on the characteristics of the listed companies on the GEM,combined with the existing disclosure of the internal control self-evaluation report of listed companies,try tobuild a website for the GEM The internal control self-evaluation report of listed companies,the contents and form of the report were envisaged.