An Entropy Testing Model Research on the Quality of Internal Control and Accounting Conservatism: Empirical Evidence from the Financial Companies of China from 2007 to 2011
Table 4
Statistical Table of the internal control information disclosure in sample firms4.
Variables
Variable value
1
3
5
Internal control deficiencies
2011
79.49%
17.95%
2.56%
2010
28.57%
57.14%
14.29%
2009
27.59%
55.17%
17.24%
2008
26.92%
61.54%
11.54%
2007
36.00%
44.00%
20.00%
Internal control self-assessment report
2011
100.00%
—
0.00%
2010
100.00%
—
0.00%
2009
96.55%
—
3.45%
2008
100.00%
—
0.00%
2007
64.00%
—
36.00%
Types of the assurancereports
2011
56.41%
38.46%
5.13%
2010
0.00%
88.57%
11.43%
2009
0.00%
86.21%
13.79%
2008
0.00%
80.77%
19.23%
2007
0.00%
60.00%
40.00%
Auditor
2011
58.97%
2.56%
38.46%
2010
57.14%
0.00%
42.86%
2009
51.72%
0.00%
48.28%
2008
53.85%
0.00%
46.15%
2007
52.00%
0.00%
48.00%
Two-position in one person
2011
76.92%
20.51%
2.56%
2010
71.43%
25.71%
2.86%
2009
75.86%
24.14%
0.00%
2008
73.08%
26.92%
0.00%
2007
68.00%
32.00%
0.00%
The proportion of independent directors
2011
15.38%
82.05%
2.56%
2010
5.71%
88.57%
5.71%
2009
17.24%
75.86%
6.90%
2008
15.38%
73.08%
11.54%
2007
16.00%
64.00%
20.00%
The specific meaning of variable values can be referred to in Table 2.