Identification of internal control deficiencies is the focal point of the game between managers and CPAs. The consensus of opinion within group means the power in the game. Internal control has the characteristic of contingency, and the two groups have different evaluation philosophy, and risk appetite and risk tolerance are quite different among enterprises. Furthermore, the degree of required reasonable assurance which internal control can supply is not the same. Therefore, during the course of internal control material weakness identifying and disclosure, selective behavior between the two types of group shows obvious differences. Quasi-experimental evidences in this paper show that managers and CPAs have distinctive opinions on the recognition of the principle of “cost or benefit”, the delimitation of “internal”, and on the recognition of rectifying or amending behaviors to deficiencies. In both groups, consensus and differences are all exist, but the gaps have the probability to be narrowed.
Li Yuli
. Differences and Consensus of Internal Control Material Weakness Identification and Disclosure ——Quasi-experimental Evidences from CPA and Management[J]. Finance & Economics of Xinjiang, 2016
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DOI: 10.16716/j.cnki.65-1030/f.2016.04.002
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