2010•Journal of The Northwest Normal UniversityRequires access
A Study of Internal Control of Related-Party Transaction of the Listed Companies in China
Jia Yun-peng
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Abstract
With the assets reorganization in the 1990s,related-party transaction of the Chinese listed companies spread quickly.The present situation becomes fiercer than ever,and it also becomes many enterprises,esp.the listed companies' major means of fraud.Many of the related-party transactions at home and abroad showed the importance of internal control of it.However,from the situation of the listed companies in China,many of them haven't set up effective internal control system of the related-party transactions.This paper firstly analyzes the importance of internal control of the related-party transactions,makes reference to other countries' internal control of related-party transactions as experience and practice,and puts forward the way to improve internal control system of related-party transaction of the listed companies in China based on the current situation and problems.