Author(s)

Zhiyong Wu

Corresponding Author

Zhiyong Wu

Abstract

The development of internal control theory is closely related to the needs of internal control. At present, the research on internal control in foreign countries is often conducted from the perspective of the needs of managers and regulators, while the research on internal control in China is usually conducted from the perspective of supervisors. From the perspective of investor demand, this paper uses empirical analysis methods to explore the status and development of China's internal control theory and methods. Empirical research shows that investors have a strong demand for corporate internal control; investors have a hierarchical demand for internal management control and internal accounting control. Attaching importance to investors' needs for internal control, coordinating internal management control and internal accounting control, and establishing an internal control system dominated by management control are the development direction of China's internal control.

Keywords

Enterprise internal control audit, Investor information demand