从信息披露规则角度看企业内部控制情况

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1、文献信息：文献标题：RegulationbyDisclosure:theCaseofInternalControl（从信息披露规则角度看企业内部控制）国外作者：LauraF.Spira.MichaelPage外文出处：《JournalofManagement&Governance》，2010,14（4）：409-433字数统计：英文2253单词，12467字符；中文3543汉字外文文献：RegulationbyDisclosure:theCaseofInternalControl1、Introduction:disclosureasaregulatorytoolThetr

2、aditionalframeworkofcorporateaccountabilityreliesondisclosureofinformationtostakeholders.Theform,contentandreliabilityofthisdisclosurehavebeenamatterofconcernanddebateeversincetheestablishmentoflegislativeprotectionforinvestorsandcreditorsinthemidnineteenthcentury.Financialscandalstypical

3、lypromptcallsforimprovementsindisclosure.Theassumptionunderlyingthisformofdisclosureisthatstakeholderswillbeprovidedwithinformationthroughwhichtheymayholdcompanymanagementtoaccountfortheuseofresourcesprovided—astewardshipapproach.Adifferentviewofthepurposeofdisclosureunderliesdevelopments

4、instandardisingfinancialreportingwhichhavebeenjustifiedonthebasisthatusersoffinancialstatementsneedinformationinordertomakeabroadrangeofeconomicdecisionsabouttheirrelationshipswithcorporations,anassumptionwhichunderpinsthedevelopmentofconceptualframeworksforfinancialreporting.Morerecently

5、,disclosurehasbecomeviewedasatoolofregulation.Forexample,theUKCompaniesAct2006hasrequiredcompaniestomakedisclosuresrelatingtorisksandfutureprospects.ThisapproachtodisclosureasaregulatorytoolisreflectedinrecentdiscussionsofEuropeanpolicy.TheWinterReport1of2002stated:Disclosurerequirementsc

6、ansometimesprovideamoreefficientregulatorytoolthansubstantiveregulationthroughmoreorlessdetailedrules.Suchdisclosure1createsalighterregulatoryenvironmentandallowsforgreaterflexibilityandadaptability.(p.34)Thediscussionpaper‘RiskManagementandInternalControlintheEU’statesthat:…ifregulationi

7、snecessary,thendisclosureofinformationshouldbethepreferredregulatorytoolbecauseitputspowerinthehandsofshareholdersandmarketsratherthanleavingitentirelywithregulators(Fe´de´rationdesExpertsComptablesEurope´ens2005,p.4)Disclosureisthusseentobebeneficialfromthreelinked