Research On The Identification Standards And Disclosures Of Internal Control Defects Of Listed Companies

The identification standard of internal control defects is a “rule” to measure whether the internal control evaluation of an enterprise is true and effective.It is the basis and guarantee for improving the quality of information disclosure of internal control defects.It is also the key to building a perfect internal control system,and it has become an internal improvement of the enterprise,and the “magic” of quality control.Since 2010,China has continuously supplemented and updated the internal control specifications of enterprises,but there are still problems such as the non-compliance of the standards for the identification of internal control defects of listed companies,the failure to pay attention to the disclosure of internal control defects,and the unsatisfactory status of internal control.This shows that only requiring listed companies to disclose their internal control evaluation reports and other reports on the substantive content of internal control deficiencies can't play a good supervisory effect.Therefore,the establishment of stricter disclosure standards,more detailed disclosure contents,and stricter penalties Measures can fully guarantee the quality of the information disclosed by the enterprise and protect the vital interests of the information users.This article first uses the literature research method to sort out and analyze domestic and foreign internal control deficiencies identification standards and disclose related literature,Clarify the relevant concepts and theoretical basis of internal control defects;and then use descriptive statistical methods to extract A-shares of the Shanghai and Shenzhen exchanges in recent years.Relevant industry data disclosed by the listed 3588 listed companies are analyzed for data statistics,descriptive analysis,and certain sample selections,deeper mining of useful information in the data will analyze the status of the internal control deficiencies of listed companies in China and the status of disclosure.Finally,combined with the case analysis method,the *ST Hangtong's internal control defect identification standard and disclosure profile are described and the effectiveness of its internal control is systematically evaluated.The internal control defect identification standards and disclosure problems and causes are thoroughly analyzed,and corresponding suggestions are made Rectification opinions.Through research,it was found that: at the internal level of *ST Hangtong,due to the concentration of equity,the lack of attention by senior management on the disclosure of internal control defects,poor communication of information,and the lack of independence of the audit committee;Under the joint influence of external factors such as weak supervision of the department,the internal control system of *ST Hangtong is virtually useless,and it is impossible to effectively,completely,accurately and timely disclose the information about the defects of its internal control.Through the combination of cases and practice,this article delves into *ST Hangtong's internal control defect identification standards and reveals the root causes of problems,and puts forward some constructive countermeasures.The improvement is of practical significance,and it also provides a certain reference for other listed companies;at the same time,it also provides a certain guiding significance for the further implementation of China's policies and regulations and the supervision of regulatory authorities.It is conducive to prompting listed companies in our country to pay more attention to the construction of internal control of enterprises,fulfill their social responsibilities,formulate more clear and detailed standards for the identification of internal control defects,truly and completely disclose the information of internal control defects of enterprises.