Effectiveness Of The Audit Committee Of Listed Companies

The board of modern corporate governance system as an important system, and its emergence and development of financial fraud by a series of causes, therefore, the ultimate goal of its establishment is to improve the quality of corporate financial reporting, reduce financial fraud occurred. The effectiveness of the Audit Committee for study abroad have a very rich research results, the conclusions are mostly proved the effectiveness of the Audit Committee, but the system is suitable for the situation of governance structure, can improve the quality of financial reporting, domestic scholars have not reached the same conclusion.The audit committee on the effectiveness of domestic and international literature review, based on the actual situation in our country, on the theory of the Audit Committee on the analysis, the use of public disclosure of listed companies on the audit committee of the relevant data, from the theoretical analysis And empirical research both on the effectiveness of the Audit Committee to study, by examining the audit committee characteristics and the relationship between financial fraud, to examine the audit committee of listed companies to improve quality of financial information on the effectiveness and targeted Proposed to increase the effectiveness of the Audit Committee a number of recommendations.In this paper, between 2007-2009, the commission because of financial fraud were punished listed companies for the raw data about data, and ultimately selected 53 non-financial listed companies is in financial fraud, taking into account industry, year, size, relevant rules and regulations imperfect, and many other factors, a violation of each company selected pair company, the first of a corrupt company (sample group) and its matching firm (matched pairs) of variables descriptive statistics, and two samples of a single comparison of variables, including use of test to compare mean differences, the use of signed rank test comparing differences in values, while the correlation between the variables tested, a regression model, and model goodness of fit test, variance analysis, and finally to the regression coefficient the significance test. Conclusions of this study came to the conclusion, the Audit Committee's independent, professional, diligent and degree of financial fraud played a certain extent, but at this stage the system of listed company's audit committee to play an active function has not been fully, yet to be further construction and improvement.