时间：2022-07-07 04:48:29
【ABSTRACT】After the COSO’s Internal ControlIntegrated Framework and the SOX Act have been published and many financial scandals of American corporations have come to light， most countries and companies began to pay more attention on internal control. In academic areas， scholars also do a lot of researches related with internal control so that it can offer some guides to policy makers and company managers. The paper combined the current researches with 2013 Internal ControlIntegrated Framework issued in May 14， 2013 can provide an overall review and new research ideas of internal control for thorough studies in the future.
【Keywords】 internal control，corporate governance，future directions
There has already been several excellent review articles in the general area of internal control， after concluding the current research directions of internal control， such as assessment， information disclosure， weaknesses， the relationship between internal control and cooperate governance and auditing， we give our own suggestions about future research directions according to the review， wishing to provide managerial and financial implications and guide our practical work in daily life.
First， future research might delve into reasons behind relative strength of the internal control system. Only a few studies have examined determinants of internal control， but their inquiries were focused on early causes of internal control weakness disclosure， rather than creating a profile for those firms with internal control weaknesses.
Second， future research is also necessary to study the market reaction to firm announcements with respect to internal controls， such as examining the reaction of the stock price to internal control weakness disclosure， which is closely associated with enterprise value.
Third， many papers examined some issues related to SOX and internal control， however， none of them appeared to deal with ex-ante factors that might have determined the weakness in internal control. In general， they have addressed the effects after the disclosure of internal control weakness. And COSO has issued 2013 Internal ControlIntegrated Framework？which？is expected to help organizations design and implement internal control， broaden the application of internal control in addressing operations and reporting objectives， and clarify the requirements for determining what constitutes effective internal control. Now the new policy pay more attention on the ex-ante factors in internal control and something related with internal control， which gives us directions about future researches.
Last， the particular tools and research methods which are related with internal control studies are a research priority. In present researches， researchers comprehensively use analysis hierarchy process and expert evaluation method， and expert evaluation method gives the subordinate degree of the index and its judgment matrix， then analytic hierarchy process gives the weights of the indexes. The 2013 Internal ControlIntegrated Framework issued in May 14， 2013 has offered Illustrative Tools for Assessing Effectiveness of a System of Internal Control？and the？Internal Control over External Financial Reporting： A Compendium of Approaches and Examples.？The illustrative tools？are expected to assist users when assessing whether a system of internal control meets the requirements set forth in the updated？framework.？The？ICEFR Compendium？is particularly relevant to those who prepare financial statements for external purposes based upon requirements set forth in the updated framework. These provide us trademarks to assess the effectiveness of internal control and give us prompts to study the weaknesses of internal control or relevant areas about internal control. We can just study the effectiveness of one kind of illustrative tools or the influential degree of each illustrative tool to internal control and corporate governance.