SFC Will Carry Out Internal Control In SME Board

< p > regulators are paying more attention to the internal control of enterprises. Last month, a closed door Seminar on corporate internal control was held in Beijing, and relevant representatives of the SFC, the Ministry of Finance and other representatives of some listed companies attended the meeting. < /p >
< p > reporter has learned that < a href= "//www.sjfzxm.com/news/index_c.asp >" SFC "/a" responsible person said at the meeting that the SFC will consider the implementation of internal control work in small and medium sized boards and GEM companies; for IPO enterprises, there are scattered internal controls before, and the relevant internal control requirements will be clearly defined in the future. < /p >
< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > > IPO < /a > enterprise internal control requirements < /strong > /p >
< p > < strong > will further clarify < /strong > < /p >.
< p > according to people familiar with the matter, the Commission's responsible person who participated in the seminar said that in terms of internal control, the SFC's next regulatory priorities include four aspects: < /p >
< p > we should strengthen supervision and inspection, do a good job in the supervision of internal control information disclosure and internal control audit; consider the implementation of internal control work in small and medium-sized boards and GEM companies; for IPO enterprises, there are scattered internal control requirements; now we must clarify the requirements of a href= "http:// www.sjfzxm.com/news/index_c.asp" > internal control /a >; strengthen the guidelines and Research on listed companies' policies, and share the practice of excellent enterprises. < /p >
< p > the responsible person also said that although there is no rigid requirement for internal control of IPO company, regulators are concerned about the integrity and effectiveness of the IPO internal control system, emphasizing the full disclosure of the internal control information of the issuer and the company that has obvious defects in internal control, requiring the applicant to clearly disclose the problems and regulatory measures in the prospectus. < /p >
< p > according to statistics, in the first half of 2012, the 27 enterprises IPO was excluded, and the main reasons for excluding related transactions and continuous profitability were internal risk control. < /p >
< p > at the same time, under the background of the reform of the IPO system, the internal control of the sponsor has also become the focus of the SFC. < /p >
< p > last December, the SFC issued the notice on Further Strengthening the internal control of sponsor institutions, and asked the sponsor institutions to further improve the internal control system including covering projects, due diligence, core, quality control and continuous supervision. < /p >
"P > < strong >" if the internal control is pushed too fast < /strong > < /p >
< p > < strong > fear of formality "< /strong > /p >
< p > the relevant person in charge of the SFC said that in the aspect of enterprise internal control, one of the priorities of the next step is to consider the implementation of internal control by the small and medium-sized board and GEM companies. < /p >
< p > according to the notice issued jointly by the Ministry of Finance and the securities and Futures Commission in 2012, by 2014, all listed companies on the main board should disclose the company's internal control self-evaluation report and the internal control audit report issued by the CPA when disclosing the annual report of 2014. For small and medium sized boards and GEM companies, there is no such mandatory requirement. < /p >
< p > > the guidelines for the standardized operation of GEM listed companies issued in 2009 by the Shenzhen Stock Exchange mentioned that the GEM listed companies should establish a standardized corporate governance structure and a sound internal control system. < /p >
< < p white paper on internal control 2014 > released by Chinese listed companies released recently, the analysis shows that the disclosure of internal control evaluation report of listed companies is much higher than that of small and medium sized boards and gem. < /p >
< p > for this reason, Zhao Jian, partner of risk management service of DDT Beijing, China, said that considering the relatively high risk of SMEs and the reasons for protecting investors, it is necessary for SMEs to carry out internal control work. At the same time, such companies are relatively small in scale and relatively weak in management base. If they push too fast, they may become a mere formality. Therefore, we need to consider the opportunity to promote the internal control of small and medium sized boards and GEM companies. < /p >