Dissertation > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management

A Research on Management Reporting on Internal Control

Author ShenQunYing
Tutor XueZuYun
School Xiamen University
Course Accounting
Keywords Internal control report Internal control of financial reporting Disclosure
CLC F275
Type Master's thesis
Year 2007
Downloads 576
Quotes 2
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Recent years, both in the developed capital markets of the United States, Europe, or in our market has just started, have undergone a series of shocking cases of financial fraud. Financial fraud cases are many reasons for the lack or failure of internal control is an important reason. Effective internal controls to prevent financial fraud Road may be the last line of defense. After Enron, the U.S. Congress in 2002, the issue of the Sarbanes-Oxley Act \With the introduction of the 2006, the Shanghai Stock Exchange and Shenzhen Stock Exchange listed company internal control guidelines of the internal control information disclosure towards the road of mandatory. Stones from other hills may serve to polish jade. Of SOX internal control report execution encountered? Regulatory authorities is how to solve? Our internal control information disclosure of the status quo? SOX Act of mandatory internal control disclosure of information what reference? Thesis want question to answer. This paper is divided into five parts: the first part of the introduction. Overview of research background and topics of motivation, research methods and the main content, innovation and insufficient. The second part of the internal control report Research. Reviews the research status at home and abroad by the voluntary internal control reporting to mandatory internal control report transmutation process. The basic theory of the third part of the internal control report. The internal control report the concept of evolution and the internal control report preparation and reporting framework to be paving the way for the later chapters exposition after exposition voluntary disclosure and mandatory disclosure of Economics motives. The fourth part of the development of the internal control report: practice in the United States. Review of the evolution of the internal control report, then the focus of SOX 404 implementation of cost-effective management of the financial report the effectiveness of internal control assessment and auditing standards of certified public accountants and small businesses follow to do a detailed analysis, the last 404 the implementation are summarized. This paper argues that the cost of 404 is not yet clear whether more than effective convergence and coordination between the management's financial reporting internal control effectiveness assessment guidelines and auditing standards; better balance compliance costs of internal controls and financial reporting quality, should be strengthened their execution; view of the characteristics of small businesses, and its limited resources, should be based on its size and must be flexible. The fifth part of our internal control information disclosure status quo. Brief Analysis on the basis of our internal control information disclosure norms for listed prospectus, combined with the latest implementation experience of 404 proposed feasibility recommendations. The main contribution of this paper is to: Terms SOX404 performed difficulty the hot issues of the sort, summarize. Second, on the Shanghai stock market in 2006-2007 prospectus analysis, combined with the latest implementation of Section 404 experience, put forward some feasible suggestions.

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