{"product_id":"beyond-internal-control-over-financial-reporting-the-chinese-experience-9781032697635","title":"Beyond Internal Control over Financial Reporting: The Chinese Experience","description":"\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eThis book examines the role of internal control in financing, investment, profit distribution, and corporate strategies through China's experience, comparing operation and management-oriented versus financial reporting-oriented approaches. It proposes the hyper-correction hypothesis and the trimming hypothesis and finds that internal control manages enterprise risk within a reasonable capacity. \u003c\/blockquote\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 166 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 06 February 2024\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Taylor \u0026amp; Francis Ltd\u003cbr\u003e\u003c\/p\u003e \u003cp\u003e\u003cbr\u003eThis book delves into the intricate relationship between internal control and risk management, shedding light on their crucial roles in financing, investment, profit distribution, and corporate strategies through China's unique experience. By examining two distinct modes of internal control, the author aims to confirm the effectiveness and superiority of internal control over operational and management aspects.\u003cbr\u003e\u003cbr\u003eThe book compares the various internal control methods employed in China and the United States, specifically focusing on operation and management-oriented versus financial reporting-oriented approaches. It also explores the differences in corporate risk attitudes and behaviors under these two approaches.\u003cbr\u003e\u003cbr\u003eIn order to address these challenges, the author proposes the hyper-correction hypothesis and the trimming hypothesis. Empirical findings derived from examining corporate cash policy, mergers and acquisitions, tax avoidance, and diversification strategy reveal that internal control in China does not lead to undue risk aversion but rather effectively manages enterprise risk within reasonable boundaries. These findings strongly support the trimming hypothesis and demonstrate the valuable role of internal control as a robust risk management tool.\u003cbr\u003e\u003cbr\u003eThe title of this book will captivate students, academics, and accounting professionals with an interest in internal control (risk management), accounting, auditing, corporate finance, regulation, and governance. It offers valuable insights and practical applications for those seeking to enhance their understanding of these critical areas in today's business landscape.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 489g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 234 x 156 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9781032697635\u003c\/p\u003e","brand":"Daoguang Yang","offers":[{"title":"Hardback","offer_id":45200820109562,"sku":"9781032697635","price":147.56,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1708108082290_book.jpg?v=1708250923","url":"https:\/\/shulphink.com\/products\/beyond-internal-control-over-financial-reporting-the-chinese-experience-9781032697635","provider":"Shulph Ink","version":"1.0","type":"link"}