内部控制披露情况的监管外文翻译（节选）

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1、1200 单词， 7300 英文字符， 2200 汉字 出处： Spira L F, Page M. Regulation by disclosure: the case of internal controlJ. Journal of Management & Governance, 2010, 14(4):409-413. 外文翻译 Regulation by disclosure: the case of internal control Laura F. Spira, Michael In this paper we explore the use of disclosure as a

2、 regulatory tool, using as an illustration the current UK requirements regarding the disclosure of information about internal control. After discussing the broad concept of regulation by disclosure, we trace the evolution of concepts of internal control and its reporting, describing the background t

3、o the Turnbull guidance for directors on internal control reporting, the basis of current UK requirements. We then examine recent examples of internal control disclosures, identifying the range of ways in which they address the disclosure requirements and considering the possible impact of the discl

4、osure requirements on corporate behavior and on the audiences for disclosure. We conclude with some reflections on the disclosure life cycle. The paper contributes to the literature on disclosure by specifically considering the role of disclosure as a regulatory tool and by examining the nature of s

5、pecific disclosures in an area of continuing interest, that of internal control. In his analysis of the development of the role of audit, Power observes that internal control has become increasingly important as part of a system of regulation which relies on making internal mechanisms visible throug

6、h forms of self-validation and disclosure. Corporate governance requirements have frequently been couched in the form of codes of practice on the principle of comply or explain rather than prescriptive legislation. The monitoring role of the board of directors, which forms the apex of the internal control system of an organisation, has been emphasised. The influence of particular interest groups has been important in the negotiation of these developments. Auditors, both internal and exte