This paper systematically reviews the literature related to internal control from 1973 to 2017 , and reviews the internal control literature from two aspects at home and abroad. Based on this , the future research of China’s internal control is prospected.
KeywordsInternal ControlResearch StatusProspect
Doyle, J., Ge, W. and McVay, S. (2007) Determinants of Weaknesses in Internal Control over Financial Reporting. Journal of Accounting and Economics, 44, 193-223. https://doi.org/10.1016/j.jacceco.2006.10.003
Ashbaugh-Skaife, H., Collins, D.W. and Kinney, W. (2007) The Discovery and Reporting of Internal Control Deficiencies Prior to SOX-Mandated Audits. Journal of Accounting and Economics, 44, 166-192. https://doi.org/10.1016/j.jacceco.2006.10.001
Ashbaugh-Skaife, H., Collins, D.W. and Kinney, W. (2008) The Effect of SOX Internal Control Deficiencies and Their Remediation on Accrual Quality. The Accounting Review, 83, 217-250. https://doi.org/10.2308/accr.2008.83.1.217
Cheng, M., Dhaliwal, D. and Zhang, Y. (2013) Does Investment Efficiency Improve after the Disclosure of Material Weaknesses in Internal Control over Financial Reporting? Journal of Accounting and Economics, 56, 1-18. https://doi.org/10.1016/j.jacceco.2013.03.001
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Huang, P., Guo, J., Ma, T. and Zhang, Y. (2015) Does the Value of Cash Holdings Deteriorate or Improve with Material Weaknesses in Internal Control over Financial Reporting? Journal of Banking & Finance, 54, 30-45. https://doi.org/10.1016/j.jbankfin.2015.01.007
Cheng, Q., Goh, B.W. and Kim, J.B. (2017) Internal Control and Operational Efficiency. Research Collection School of Accountancy, 1, 1-47.
Bardhan, I., Lin, S. and Wu, S. (2015) The Quality of Internal Control over Financial Reporting in Family Firms. Accounting Horizons, 29, 41-60. https://doi.org/10.2308/acch-50935
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Anantharaman, D. and He, L. (2016) Regulatory Scrutiny and Reporting of Internal Control Deficiencies: Evidence from the SEC Comment Letters. SSNR, 1, 1-44.
Kharraz, H. and Ferchichi, J. (2017) Determinants of Voluntary Disclosure of Internal Control Weaknesses in Tunisia. Corporate Ownership & Control, 14, 59-69. https://doi.org/10.22495/cocv14i2art6
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Li, W.F., Lin, B. and Song, W. (2011) The Role of Internal Control in Corporate Investment: Efficiency Promotion or Suppression? Management World, 2, 81-99.
Lu, R., Liu, J.H. and Xu, N. (2011) Internal Control, Property Rights and Executive Compensation Performance Sensitivity. Accounting Research, No. 10, 42-48.
Chen, H.W. and Zhou, Z.S. (2014) Internal Control Quality and Corporate Debt Financing Costs. Nankai Management Review, 3, 103-111.
Zhang, C. and Chen, H. (2017) Product Market Competition, Property Rights and Internal Control Quality. Accounting Research, 5, 67-75.
Chen, H., Wang, D. and Zhou, N. (2017) A Comprehensive and Quantitative Internal Control Index: Construction, Validation, and Impact. Review of Quantitative Finance and Accounting, 49, 337-377. https://doi.org/10.1007/s11156-016-0593-x
Ao, X., Lin, W. and Li, X. (2017) Internal Control Quality and Bond Credit Rating. Audit Research, No. 7, 57-64.
Zhang, Y. and Zheng, H. (2010) Investigation and Analysis of the Effectiveness of Internal Control in China’s Enterprises and Its Influencing Factors. Audit Research, No. 1, 75-81.
Liu, Y., Zheng, Q. and Cai, G. (2016) Does Non-State-Owned shareholders Improve the Quality of Internal Control of State-Owned Enterprises?—Evidence from State-Owned Listed Companies! Accounting Research, No. 4, 61-68.
Cheng, B., Pan, F. and Wang, J. (2016) Confucian Culture, Information Environment and Internal Control. Accounting Research, No. 12, 79-84.
Xiang, R., Xu, Y. and Yang, Y. (2017) Background Characteristics of the Director of the Audit Committee and the Quality of Internal Control of the Company. Audit Research, 4, 73-80.
Wang, Y. and Wen, T. (2005) Evaluation Model and Application of Enterprise Internal Control. Statistics & Decision, No. 2, 131-132.
Shenzhen Dibo Enterprise Risk Enterprise Management Technology Co. Ltd. (2009) Abstract of White Paper on Internal Control of Chinese Listed Companies in 2009. China Securities Journal, 2009-7-16, B08.
Xiamen University Internal Control Index Research Group, Internal Control Index of Chinese Listed Companies (2009) Formulation, Analysis and Evaluation. China Securities Journal, 2010-6-11, A21.
Li, Y., Chen, C. and Yu, J. (2013) Information Disclosure of Internal Control Evaluation of Listed Companies in China: Problems and Improvements—Evidence from 2011 Internal Control Evaluation Reports. Accounting Research, No. 8, 62-68.
Zhang, Z., Zhang, W. and Yang, Q. (2011) Construction and Empirical Test of Internal Control Evaluation System under Target Guidance. Nankai Business Review, No. 7, 148-156.
Li, Y. (2011) Corporate Governance Structure and Internal Control Effectiveness—An Empirical Study Based on Listed Companies in Shanghai Stock Exchange. Chinese Certified Public Accountant, No. 3, 69-75.
Zhang, X. and Dai, W. (2011) Research on Internal Control Evaluation System of Chinese Enterprises. Audit Research, No. 1, 69-78.
Research Group on Internal Control Index of Chinese Listed Companies (2011) Research on Internal Control Index of Chinese Listed Companies. Accounting Research, No. 12, 20-24.
Lin, B., Lin, D., Hu, W., Xie, F. and Yang, W. (2014) Research on Goal-Oriented Internal Control Index. Accounting Research, No. 8, 16-24.
Han, C. and Wang, S. (2009) Fuzzy Comprehensive Evaluation of Enterprise Internal Control Based on AHP. Accounting Research, No. 4, 55-61.
Li, L. and Tang, G. (2012) Internal Control Efficiency: Theoretical Framework and Measurement Evaluation. Accounting Research, No. 5, 16-25.
Chi, G. and Guo, J. (2015) Research on Internal Control Index of Listed Companies Based on the Perspective of “Integration View”. Research on Financial and Economic Issues, No. 8, 75-82.