Study On Internal Control Information Disclosure Of Agricultural Listed Companies

Internal control information disclosure is one of the key contents of enterprise information disclosure.In recent years,there have been frequent problems of financial fraud and information disclosure in agricultural listed companies,and the root cause is the problem of internal control,this is different from the internal control information disclosed by the companies.The new Securities Law of the People’s Republic of China,and the new Administrative Measures for Information Disclosure of Listed Companies,were introduced one after another,so as to improve the internal control of agricultural listed companies,improve the quality of agricultural listed companies,we need to further explore: what is the context and quality of the internal control information disclosure of agricultural listed companies in China,whether it has given full play to its role,what problems still exist,and how to improve it ?This paper adopts normative research method and case study method.Firstly,this paper analyzes the current situation and deficiencies of internal control information disclosure of agricultural listed companies from 2012 to 2021.Secondly,based on the specific case of Chuying Agro-Pastoral Group,it analyzes the disclosure of internal control information and its market reaction,identifies the problems of its internal control information disclosure,and look into the reasons.Finally,according to the characteristics of the industry,it puts forward recommendations for ameliorating the internal control information disclosure of agricultural listed companies.From the study,the following conclusions are drawn in this paper: Firstly,the internal control information disclosure of agricultural listed companies is improving year by year,there are still deficiencies such as insufficient authenticity and reliability of internal control information disclosure,selective disclosure behavior of internal control deficiencies,insufficient disclosure of risk assessment information,and insufficient disclosure of internal control information.Secondly,it was found through case analysis that after the disclosure of negative internal control information,Chuying Agro-Pastoral Group had an adverse impact on the market reaction.Chuying Agro-Pastoral Group has problems such as selective disclosure of internal control defects,insufficient disclosure of rectification of internal control defects,and insufficient disclosure of risk assessment information.Finally,recommendations for ameliorating internal control information disclosure of listed agricultural companies are put forward: The company should improve the governance structure,strengthen the supervisory function of independent directors and supervisors,establish risk management department,implement control activities,and improve the independence of the audit committee;The regulatory authorities shall,according to the features of the industry,issue regulatory documents on the disclosure of internal control information by agricultural listed companies and launch the evaluation criteria.To perfect the supervision of internal control information disclosure of listed agricultural companies from three aspects: strengthening joint supervision of multiple departments,making good use of the supervision of inquiry letters and improving the punishment mechanism.Agricultural listed companies face many risks and challenges in production and operation,this paper hopes to provide a certain reference for improving the internal control information disclosure of agricultural listed companies through the case study of the internal control information disclosure of Chuying Agro-Pastoral Group,so that it can fully play its role,to improve the internal control of agricultural listed companies,improve the quality of agricultural listed companies,protect the interests of investors,and promote the long-term progression of agricultural listed companies.