Research On The Board Characters To The Internal Control Deficiencies

A series of financial fraud cases in the world have not only caused the concern of the importance of internal control,reform of the internal control also usher in a wide range of the driving force,the relevant laws and regulations come into being and the internal control system is gradually standardized.With the gradual perfect of the internal control information disclosure,the academic research perspective has gradually turned to the deficiencies of the internal control,the scholars discussed the influence of the corporate to the deficiencies of the internal control in the terms of shareholders' characteristics,board characteristics,ownership concentration,providing a valuable document in improving the enterprise internal control.However,in the existing literature,the study of the characteristics of board of directors is not systematic,only from the perspective of a single governance factors and internal control deficiencies affect,ignoring the effect of the interaction between the governance factors of internal control deficiencies.To solve the internal control research problems,this paper based on the current situation of information disclosure in China's internal control,using the method of combining empirical and normative research and classifying the characteristics of the board of directors,testing the characteristics of the board of directors to internal control deficiencies,meanwhile choosing listed A shares on the main board of the 3173 companies from the 2013 to 2015,then,this paper further introduces the influence mechanism of ownership concentration on the internal control deficiencies,complement and enrich the defects of internal control research contents and ideas,and guide the listed companies from the perspective of board governance on internal control deficiencies and the remediation,through empirical research,this paper draws the following conclusions:First,we found the greater the possibility of internal control deficiencies in the impact of the feature of the board of directors on the internal control deficiencies,if the larger the board of directors,chairman and general manager of the two positions,The board of directors hold shares and the lower the board of education,but the number of the board of directors meeting did not have a significant impact.Second,we found the ownership concentration in the proportion of independent directors,board meetings,directors shareholding and chairman of degree of internal control defects have moderating effect based on the influence of board characteristics on internal control deficiencies.According to the conclusions above,this paper puts forward improving corporate leadership structure and set up reasonable ownership structure,board size,the implementation of independent directors appointment system and strengthen the incentive mechanism of directors and other measures to improve the company's board of directors system suggestions and opinions.This paper mainly achieves the following innovation:One is to consider the characteristics of the board of directors,the board of directors to join the board of directors of the soft factors,the characteristics of the board is divided into four categories,to improve the characteristics of the board of directors.The two is the introduction of the moderating effect-ownership concentration,in-depth study of the characteristics of the board of directors of the internal control deficiencies.The three is to measure the internal control deficiencies is based on internal control guidelines for the classification of deficiencies,according to the extent of the deficiencies and quantify the total score...