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'China SOX': What Is It and Why Was It Introduced?

机译:“中国袜子”:它是什么,为什么介绍?

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China released the first Basic Standard for Internal Control on July, 2008, "China SOX". It is a regulation adopted in China in order to enhance risk management and prevent business disasters, and requires detailed disclosure of internal control for public and private Chinese firms. The purpose of this essay is to analyse and discuss China SOX. This paper reviews the history of internal control in China, explains what China SOX is and analyses why it was introduced to China. This article also compares US SOX and China SOX. Lastly, this essay discusses the advantages and disadvantages of China SOX and offers some suggestions about how to improve internal control quality in China. This paper points out that although there are some limitations to China SOX, it is expected to be effective in implementing improved internal control in China.
机译:中国于2008年7月发布了第一届内部控制基本标准,“中国SOX”。 它是在中国采用的监管,以提高风险管理和预防业务灾害,并需要详细披露公共和民营公司的内部控制。 本文的目的是分析和讨论中国苏克斯。 本文审查了中国内部控制的历史,解释了中国SOX是什么,并分析为什么它被介绍给中国。 本文还比较了美国SOX和中国SOX。 最后,本文探讨了中国苏克斯的优缺点,并提供了一些关于如何提高中国内部控制质量的建议。 本文指出,虽然中国苏克斯存在一些局限性,但预计将有效地在中国实施改进的内部控制。

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