公司特征與自愿性內部控制管理報告【外文翻譯】_第1頁
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1、1本科畢業(yè)論文（設計）外文翻譯外文出處Auditing外文作者ScottN.Bronson，JosephV.Carcello，K.Raghunan原文：原文：FirmacteristicsVoluntaryManagementReptsonInternalControlSUMMARY:Thisstudyprovidesevidenceonthenatureofvoluntarymanagementreptsoninternalcontr

2、ol(MRIC)ontheacteristicsoffirmsissuingsuchreptsbefeinternalcontrolreptswerematedunderSection404oftheSarbanesOxleyAct.WeexaminetheassociationbetweenfirmacteristicsthevoluntaryinclusionofanMRICinthefirm’sannualrept.Ouranal

3、ysisof397sizedfirmsin1998indicatesthatavoluntaryMRICismelikelyffirmsthatarelargerhaveanauditcommitteethatmeetsmeoftenhaveagreaterlevelofinstitutionalownershiphavemerapidincomegrowth.WefindthatavoluntaryMRICislesslikelyfc

4、ompanieswithmerapidsalesgrowth.SlightlymethanonethirdofoursampleissuesanMRIC.NoneofthevoluntaryMRICsmentionanymaterialweaknessesnoreptsincludeanauditattestationlessthanhalf(41percent)ofthereptsincludeastatementthatcontro

5、lswereeffectiveonlythreeofthesereptsincludethecriteriausedtoassesscontroleffectiveness.Keywds:managementreptsoninternalcontrolfirmacteristicscpateGovernance.INTRODUCTIONSection404oftheSarbanesOxleyActof2002(SOX)requiresS

6、ecuritiesExchangeCommission(SEC)registrantstoincludeintheirannualreptamanagementreptontheeffectivenessofinternalcontroloverfinancialrepting(404Rept)auditattestationonthismanagementrept.Section404has3thisrepting.Therestof

7、thepaperisganizedasfollows.Thenextsectiondiscussestheinstitutionalbackgrounddevelopsthehypotheses.Ourresearchdesignsampleionprocessfollow.Resultsarethenpresentedfollowedbyasummaryconclusions.INSTITUTIONALBACKGROUNDHYPOTH

8、ESESSection404ofSOXrequiresallpubliccompaniestoincludeaninternalcontrolreptindicatingmanagement’sresponsibilityfestablishingmaintaininganadequateinternalcontrolstructuremanagement’sassessmentastotheeffectivenessoftheenti

9、ty’sinternalcontroloverfinancialrepting.AlthoughmatyinternalcontrolreptingfallpubliccompaniesisnewmanypubliccompanieshadvoluntarilyincludedanMRICintheirannualreptspritoSOX.FexampleMcMullenetal.(1996)reptthattheannualrept

10、sfapproximatelyonethirdofcompanieslistedonNationalAutomatedAccountingResearchSystem(NAARS)in1993includedanMRIC.BenefitsCostsAssociatedwithMRICsAfirmmightincludeanMRICfanumberofreasons—toexplicitlystatemanagement’srespons

11、ibilityfinternalcontroltostatetheobjectivesofthecompany’sinternalcontrolsystemincludingdescribingvariouscomponentsofthatsystem(e.g.anindependentauditcommitteeaninternalauditfunctionetc.)toindicatethatmanagementbelievesth

12、atinternalcontrolsareeffective.Allofthesereasonsaredesignedtoreducefinancialstatementusers’uncertaintyastothequalityofthecompany’sfinancialrepting.PriresearchindicatesthatfinancialstatementusersviewvoluntaryMRICsasimprov

13、inginternalcontrolsenhancingtheoversightofcontrolsaddinginfmationfdecisionmaking(Hermanson2000).AlthoughfirmsexpecttobenefitbyissuinganMRICtherearecostsassociatedwiththisdisclosure.UnderRule10b5itisunlawful“tomakeanyuntr

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