自愿披露内部控制信息的公司的财务报告质量,在当年及此前5年,均显著高于未自愿披露内部控制信息的公司,并且从长期来看,投资者能据此对盈余进行区别定价。2016年IPO被否的案例中,有5家直接涉及内部控制问题;2017年伊始,截至春节前的不到一个月时间里,IPO内部控制审核方面,已有3家企业因为直接涉及内部控制问题被否,数量直追上年。由此可见,内部控制在企业对接资本市场中的重要性会愈发重要、不再是某些人眼中“无伤大雅”的小问题,而成为上市公司及拟上市公司的CFO乃至CEO们应予以重点关注的领域。 The quality of the financial reports of companies that voluntarily disclosed internal control information was significantly higher in the current and prior five years than the companies that did not voluntarily disclose internal control information and in the long run investors were able to price the dividend differently. Among the cases of whether the IPO was rejected in 2016, five were directly involved in the issue of internal control. From the beginning of 2017, as of the end of the Spring Festival, in less than a month, three enterprises were involved in internal control audit because of their direct involvement in internal control Whether the number catch up with the previous year. From this we can see that the importance of internal control in the capital markets of enterprise docking will become more and more important. It is no longer a small issue that some people think is “innocuous.” CFOs and CEOs who are listed companies and companies to be listed should Areas to focus on.