Game Analysis of the Internal Control Information Disclosure of Listed Companies Based on Incomplete Information
Zang Xiu-qing, Ting-Ting Han, Juan Lv · Advances in economics, business and management research/Advances in Economics, Business and Management Research · 2014
The laws and regulations issued by our government, to a certain extent, ensure the authenticity and completeness of the internal control information of listed companies.And promote the listed companies developing and implementing a sound and effective internal control system, thus avoiding the occurrence of fraud.From the angle of game, the disclosure of internal control information is a process of game between stakeholders.In this context, we construct an incomplete information dynamic game model of listed companies, certified public accountants and regulators and solve it by backward induction method.Several suggestions are provided for regulating the internal control information disclosure of listed companies.