Research On The Problems,causes And Governance Of Enterprise Internal Control Information Disclosure

In recent years,vicious incidents of financial fraud and false disclosure of internal control information have frequently occurred in China’s capital market,which has seriously reduced the trust of market investors in listed companies and the CSRC.Therefore,companies should regularly and compliantly communicate the true information of their internal control to various relevant stakeholders to help them better understand the specific situation of the company in terms of operation,governance and other aspects.China has continuously introduced laws and regulations since 2010 to emphasize the standardization of internal control information disclosure,but at present,the level of internal control information disclosure in China is still not high,and many listed companies disclose internal control information in a formal way,conceal disclosure,or even disclose false information,which seriously damage the interests of investors and are not conducive to the benign development of the capital market.To this end,this paper conducts a study on the disclosure of internal control information of listed companies,digs deeper into the causes of the problems,and then proposes corresponding countermeasures,which is of great significance to further regulate the disclosure of internal control information of listed companies and defend the rights and interests of investors.This paper firstly elaborates the research background and research significance,composes the relevant research literature at home and abroad,delineates the research scope for the subsequent lines by defining relevant core concepts,and establishes the theoretical foundation with the guidance of principal-agent theory and signaling theory,etc.Secondly,the contents of the disclosed internal control evaluation reports and internal control audit reports of listed companies in China from 2016 to 2021 are studied,and the current situation and problems of internal control information disclosure of listed companies are analyzed in terms of disclosure ratio and disclosure contents.Then,combining with the case of delisted Qiulin Group,the results are obtained by manually compiling the data,and the problems and reasons of its internal control information disclosure are found by applying the descriptive analysis method and the case study method.Finally,based on the results of the previous analysis,countermeasures are proposed from the system level,government level and enterprise level,respectively.Through the analysis and research,the problems of listed companies in internal control information disclosure are found to be: untimely and incomplete information disclosure,inaccurate information disclosure,inadequate information disclosure,and inconsistent relevant regulatory standards.Focusing on the specific case of Qiulin from the macro market level,it can be found that Qiulin Group also has problems in internal control information disclosure such as untrue disclosure,incomplete disclosure content,inconsistent deficiency identification and standards and lack of supervision mechanism.The reasons for the problems are: poor internal control environment,lack of risk assessment and management,lack of effective information communication,and internal oversight failure,as well as external problems such as inadequate regulatory policies and weak supervision.For the problems mentioned above,the relevant state departments should continue to improve relevant disclosure regulations and unify regulatory standards,and the government should set up a special supervision and management organization,establish a closed-loop supervision system,and improve penalties for non-compliance by implementing accountability;enterprises should improve the effectiveness of internal control,establish a sound disclosure system,and strengthen the independence of internal audit.The purpose of this paper is to understand and analyze the problems and reasons behind the disclosure of internal control information of listed companies in China through the study of the disclosure of internal control information of Qiulin Group,and to propose corresponding countermeasures based on it,so as to provide relevant reference for other enterprises,investors and relevant regulatory authorities in the decision of internal control information disclosure.