文档介绍：: .
公司治理、内部控制与证券公司风险
1
薛爽
摘要：2001 年开始，中国证监会统一要求证券公司聘请中介机构进行内部控制
的评审并出具审核报告，这为我们了解证券公司的内部控制提供了宝贵资料。本
文以 2001-2002 年证券公司作为研究样本，研究了公司治理与内部控制对证券公
司风险的影响。研究结果表明，证券公司风险与公司治理结构没有显著的相关关
系，与内部控制则有着显著的相关性。内部控制越完善，则公司在客户资金安全、
资产质量、潜在损失与诉讼风险等方面的风险越小。如果一家证券公司被会计师
出具了非标准内部控制审核报告，很可能预示着公司有较大风险。
关键词：公司治理 内部控制 风险
Abstract: From 2001, regulated by China securities Regulatory Commission（CSRC）,
securities firms are required to appoint an auditor to check the efficiency of their
internal control system and then give an opinion. This offers a good opportunity to
understand the internal control of securities firms. Based on the data of 2001 and
2002, this paper studies the influence of corporate governance and internal control on
the risks of securities firms. The empirical results show that risks have a significant
relationship with internal control, but not corporate governance. The more efficient
the internal control system, the less the impropriation of clients’ capital and potential
losses, the higher the asset quality, the lower the litigation risks. That is, if the firm is
given a qualified opinion on internal control system by the auditors, it seems it has a
higher risk.
Key words: corporate governance,