Research On The Effect Of The Sarbanes-Oxley Act On The Accounting Supervision Of Chinese Public Company

Accounting supervision of the public company is the most part of security market regulation. If public company hasn't been better regulated it will prick up illegal actions, so it will impair the interests of investors and breach of the order of security markets. The research on accounting regulation has begun from 20th century. In recent years accounting fraud cases had emerged in several countries, which had an influence on our social life. So American congress legislated the Sarbanes-Oxley act in 2002, which intention is to protect the benefit of investors. The act has strengthened the accounting supervision of the public company from several facets, and it made a brand-new idea for the accounting supervision of the world.This paper makes some suggestions on accounting supervision of our public company based on the research and practice on accounting supervision and on the reformation of the act, at the time it combines these with our status in quo. We think that the object of accounting supervision is to assure the quality of accounting information, so accounting supervision is namely the systematic regulation of the accounting information process. So we understand accounting supervision from three facets—inner accounting supervision, social accounting supervision and governmental accounting supervision. The object of the paper is to strengthen accounting supervision of our public company and promote the development of the securities markets and boost up the economy of our country.