Securities Regulatory Commission jointly issued by five ministries and basic norms of internal control.

Securities Regulatory Commission jointly issued by five ministries, the basic norms of internal control Ministry of Finance, Securities and Futures Commission, the Audit Commission, China Banking Regulatory Commission, China Insurance Regulatory Commission have jointly issued the "basic norms of internal control" regulations, the implementation of the basic norms of listed companies, should the company .self-evaluation of the effectiveness of the control, the disclosure of annual self-evaluation report. .Ministry of Finance, Securities and Futures Commission, the Audit Commission, China Banking Regulatory Commission, China Insurance Regulatory Commission have jointly issued the "basic norms of internal control" regulations, the implementation of the basic norms of listed companies, should the effectiveness of internal control self-assessment, the disclosure of the annual self-evaluation .report, and engage with the securities and futures business qualified intermediaries to audit the effectiveness of internal control. .Since the basic norms of July 1, 2009 At first implemented in the context of listed companies to encourage non-listed implementation of other large and medium enterprises. .Deputy Minister of Finance Wang Jun, the basic specification conference that the next phase to focus their efforts on the implementation of preparatory work, study and formulate specific measures for implementation, to take effective measures to reduce implementation costs, the steady expansion of the scope of the basic specification; promote the Internal Control International .convergence of internal control through standards and to promote international convergence of internal control framework as well as the equivalent, to support the enterprises out of China to provide active support. .According to reports, establish the basic norms of the establishment and implementation of our business based on the internal control framework, ground-breaking establishment of enterprises as the mainstay to government regulation to promote, to intermediaries is an important part of the audit of internal control enforcement mechanism to require companies .implementation of internal control self-assessment system, and the responsibility of units and the implementation of all staff into the situation of internal control performance evaluation system; State enterprises relevant regulatory authorities have the right to establish and implement internal controls to conduct supervision and inspection. .Internal control norms conducive to the healthy development of capital markets, the SFC will refine and revise the relevant provisions of the letter Phi Disciplinary Committee of China Securities Regulatory Commission recently said Lee Snow, "the basic norms of internal control," the release and implementation of the strengthening of capital market regulation, to improve regulatory quality .and efficiency will play a positive role. .Commission will actively promote the implementation of the basic specification, will refine and revise policies and regulations concerning information disclosure, organizations Exchange, the Securities Industry Association with the basic norms to further refine and revise guidelines for internal control of listed companies. .Lee Snow basic norms of internal control in the enterprise proposed conference, the Commission will improve the internal control of listed companies policy guidance, in-depth research on the different types, different stages of development to strengthen the guidance of listed companies, and further proposed the implementation of listed companies .the specific requirements of the basic specification. .Lee Snow also pointed out that the basic norms of internal control is conducive to the implementation of sustainable and healthy development of China's capital market. .He said that after the release of the basic specification, a listed company to seriously study, based on the actual situation in light of its own to find the gap and improve the internal control system and improve internal control standards. .First, the listed company to take training, seminars or other effective forms of organization all the staff especially the basic norms of corporate management to seriously study the requirements, a comprehensive grasp of the core content of basic norms, in-depth understanding of the basic concepts of internal control; Secondly, .management of listed companies to organize and staff, in accordance with the requirements of the basic principles of standard, control their own job responsibilities and the company's business processes, seriously find the company's risk and internal control point defects; In addition, listed companies to enhance the company from .governance, improve the company's quality objective, in accordance with the basic specifications, re-combing business processes, improve and perfect the internal control system, so clear objectives and responsibility to the people, and effectively improve business management and risk prevention..