A Study on Rent-Seeking Activities on China's Independent Audit Market
转轨时期我国民间审计市场寻租活动研究
Especially with the vigorous development of privte and limited companies,the non - governmental audit,called independent audit,is playing an ever more important role in society.
As a result, social audit should enlarge its areas of service, it should be developed from the original capital testing and audit to comprehensive services, including independent audit, managing consulting, tax service besides capital testing and audit.
Based on the samples of 272 violations of information disclosure from 1993 to April 2003,this paper analyses and evaluates the validity of every aspects of institution arrangements for accounting information disclosure in Chinese capital market,such as board of supervisors,independent director,independent audit,CSRC and its agencies.
Through to audits the criterion the nature, the legal status and the system value analysis, obtains the conclusion is that the independent audit criterion should become the audit responsibility limits the authoritative standard.
Firstly, the article analyses the related theories, including the financial report quality control theory, the value creation and measure theory of intangible asset, and the theory of surveillance function for independent audit.
Firstly, the article analyses the related theories, including the financial report quality control theory, the value creation and measure theory of intangible asset, and the theory of surveillance function for independent audit.
The independent nature of audit refers to the auditing offices and auditors' being uprightand tenacious in the discharge of their duties all the time irrespective of the bad effect or obstruction from the internal or external sides. The goal of independent audit is that the auditing offices or auditors can express their independent,objective and impartial opinions about the accounting statements. The accountability is quite different from the auditor's responsibility, the accountability of...
The independent nature of audit refers to the auditing offices and auditors' being uprightand tenacious in the discharge of their duties all the time irrespective of the bad effect or obstruction from the internal or external sides. The goal of independent audit is that the auditing offices or auditors can express their independent,objective and impartial opinions about the accounting statements. The accountability is quite different from the auditor's responsibility, the accountability of the audited unit cannot be replaced,reduced or exempted. The effect of auditing opinions lies in a reasonable guranty for the legitimacy,fairness of accounting statements as well as the consistency of accounting process,which is limited,not limitless.
With an analysis of the problems in the auditing of companies on stock market and those in independent auditing, this article puts forward strategies for the effective auditing of companies on stock market to get trueaccounting information of those companics.
With the gradual formation of market economy the supervising function of audit has been more and more important. Especially with the vigorous development of privte and limited companies,the non - governmental audit,called independent audit,is playing an ever more important role in society. This paper makes an 1n - depth study of the independence of audit from the angle of audit liability to better understand the relationship between audit liability and audit independence so as to...
With the gradual formation of market economy the supervising function of audit has been more and more important. Especially with the vigorous development of privte and limited companies,the non - governmental audit,called independent audit,is playing an ever more important role in society. This paper makes an 1n - depth study of the independence of audit from the angle of audit liability to better understand the relationship between audit liability and audit independence so as to grasp the essence of audit independence and promote the effective and healthy development of audit.