Research On Information Disclosure Of Internal Control Of GL Company

Changfang Company,LEDMAN were called by China Securities Regulatory Commission of inquiry and criticism because of their internal control defects,even if these enterprises have the top technology and powerful productivity,also not into the mire of falling share prices.,even with their top technology and strong productivity,they have been mired in plunging share prices.These events are a wake-up call for China's manufacturing enterprises,if there is no effective internal control,a strong enterprise will inevitably run into difficulties and even close down.Internal control,as an important means to improve corporate governance,is conducive to reducing operational risks and improving operational efficiency.It is increasingly valued by external stakeholders such as investors and regulators,and the disclosure of internal control information is the key way for external stakeholders to understand the internal control of the company.Generally,listed companies have absorbed more capital market funds,so their external stakeholders need more information on internal control,which requires listed companies to increase the disclosure level of internal control information.Based on the status of internal control information disclosure of GL Company,this paper summarizes the problems existing in the internal control information disclosure of the company through the research of internal control self-evaluation report and annual report issued by the company from 2006 to 2016,analyzes the causes of the problems and puts forward some targeted suggestions.The main content of this article is as follows: Firstly,I elaborated the research background,significance and research method of this article,and combed the domestic and foreign research present situation of internal control disclosure of information;Then I summarized the relevant theories of internal control information disclosure,including the meaning,goal and principle of internal control information disclosure,and summarized the information asymmetry theory,efficient market theory,principal-agent theory,and the theory of signal transmission theory.Then,according to the internal control self-evaluation report issued by GL Company from 2006 to 2016,I made a public announcement to analyze the internal control information disclosure status of the company from two aspects,including the disclosure carrier and the disclosure content.After that,based on the current situation of internal control information disclosure of GL Company,this paper analyzes the existing problems of internal control information disclosure of the company,and finds out the causes of the problems from inside and outside,including the low level of supervision of internal control information disclosure,the backwardness of the internal control information disclosure of the company,the lack of attention of the company's corporate governance layer and the lack of internal control defects disclosing motivation of the company.Finally,this paper puts forward improvement suggestions from the internal and external perspectives of the company,including improving the supervision level of internal control information disclosure,optimizing the internal control information disclosure mode of GL Company,improving the importance of internal control information disclosure by the corporate governance layer,and enhancing the internal control defect disclosure power of the company.