交易所问询监管与公司内部控制缺陷披露  

Exchange's Inquiry Supervision and Company's Internal Control Defect Disclosure

作　　者：胡耀丹[1] 王永康 王稳华[1,2] Yaodan Hu;Yonghang Wang;Wenhua Wang

机构地区：[1]云南财经大学会计学院 [2]对外经济贸易大学国际商学院

出　　处：《会计论坛》2022年第2期74-104,共31页Accounting Forum

基　　金：国家自然科学基金地区科学基金项目(72262033);教育部人文社会科学青年基金项目(20YJC630043);云南省基础研究计划青年项目(202001AU070057)。

摘　　要：本文以2013~2018年沪深A股上市公司为样本,检验交易所问询监管对公司内部控制缺陷披露的影响。研究发现,交易所问询监管会显著增加公司披露内部控制缺陷的概率,这种促进作用仅在以前尚未披露内部控制缺陷的公司中显著,而在以前披露过内部控制缺陷的公司中,当且仅当问询函涉及内部控制时,公司才会修正以前存在的内部控制缺陷,说明问询监管具有良好的监管效果。进一步研究发现,交易所问询监管能够促使公司披露实质性内部控制缺陷,且同年收函次数越多、同一份财务报告被问询次数越多或问询中暴露出的问题越严重,公司越可能会披露内部控制缺陷。此外,问询监管对公司内部控制缺陷披露的促进作用在民营企业和内部控制质量较差的公司中更为明显。This paper takes A-share listed companies in Shanghai and Shenzhen Stock Exchange from 2013 to 2018 as samples to test the influence of exchange's inquiry supervision on the disclosure of company's internal control defect.The study found that exchange's inquiry supervision would significantly increase the probability of company disclosing internal control defect,and this promotion effect was significant only in the companies that had not disclosed internal control defect before,while in the companies that had disclosed internal control defect before,the companies would correct their previous internal control defect if and only if the inquiry letter involved internal control,which shows that inquiry supervision can play a supervision role.Further research shows that the exchange's inquiry supervision is more likely to prompt the company to disclose the material internal control defect,and the more inquiry letters received in the same year,the more inquiries for the same financial report or the more serious problems exposed in the inquiry,the more likely the company to disclose the internal control defect.In addition,the promotion effect of inquiry supervision on disclosure of internal control defects is more obvious in private enterprises and companies with poor internal control quality.

关 键 词：问询监管 内部控制缺陷 信息披露 

分 类 号：F275[经济管理—企业管理] F832.51[经济管理—国民经济]