A literature review of internal control deficiencies

摘要

Enterprise internal control system is an important component of the company administration. Internal control deficiencies have long been recognized as the main cause of accounting scandals and captured more and more attention both from regulators and the stakeholders. Through a literature review, this paper concludes that the current research mainly come from three aspects: first is about the disclosure of internal control deficiencies; Second is regard to the economic consequences of internal control deficiencies, as well as economic consequences of the deficiencies disclosure; Third is mainly concerning the remediation of internal control deficiencies and further studies. By combing the exiting literature, we provide a new direction for the further research.