Research On Internal Audit Quality,government Supervision And Internal Control Deficiencies Disclosure

In recent years,with the implementation of relevant internal control codes and guidelines in China,the internal control construction of Chinese enterprises has achieved preliminary results.In 2010,five ministries jointly issued the "enterprise internal control evaluation guidelines",for evaluation of the internal control and evaluation report to a specification,and points out that enterprises should disclose internal control deficiencies existing in the real.However,the quality of the current internal control information disclosure is not optimistic,the resulting business scandals also common occurance,investigate its fundamental,on the one hand is due to the internal audit work quality not guaranteed,make the enterprise internal control deficiencies can not be timely and accurate disclosure,on the other hand,due to the related regulation does not reach the designated position,detailed disclosure of internal control defects not enough specification,penalties for non-compliance,the part of the enterprise disclosure of internal control defects become a mere formality,no improvement.Based on this,this paper takes Shenzhen and Shanghai A-share listed companies as research samples,through the relevant data of samples from 2014 to 2016 to carry on the empirical analysis,internal audit to verify the quality,the influence of the government regulation on the disclosure of internal control deficiencies.This paper adopted the method of literature analysis and empirical analysis method of study,in terms of literature analysis,this article first reviewed the domestic and foreign scholars for internal audit quality influence factors of related literature,the scholars of internal audit quality,the relationship between government regulation and disclosure of internal control defects research relevant conclusions,and respectively introduces the internal audit quality,government regulation and the deficiencies of internal control disclosure of definition,on this basis,combining with the principal-agent theory,signaling theory and audit environment theory is put forward in this paper,the related assumptions.In terms of empirical analysis,this paper takes Shenzhen and Shanghai A-share listed companies in our country in 2014-2016 data of the sample,the first internal audit quality using factor analysis method to make use of spss software scientific measure,then using stata software has carried on the descriptive statistics,correlation analysis,logistic regression analysis,and robustness test,theempirical survey and draw the conclusion: the internal audit quality positively related to the disclosure of internal control deficiencies,government regulation will strengthen internal audit quality and the disclosure of internal control defects of positive correlation.Finally,according to the conclusion of the empirical study,it provides reference suggestions for the listed companies to strengthen internal audit construction and improve the quality of internal control deficiencies disclosure.Innovation points of this paper is to use factor analysis method,a comprehensive measure of audit quality ensures the rationality of the data,and through the empirical analysis to verify the quality of government supervision of internal audit effect occurring in the process of internal control deficiencies regulating effect of external regulatory pressure could prompt enterprise management work of internal audit and supervision,in order to improve the quality of internal audit,and have a positive impact,the disclosure of enterprise internal control defects for the disclosure of internal control deficiencies of the research provides a new perspective.