Research On Financial Capital's Special Function In Independent Auditing

Financial capital and human capital are resources that enterprise has to possess for operation and development. In common enterprises, human capital innovates surrounding with financial capital for more value. Enterprise's operation character decides the kind of classical operation mode and the situation that financial capital dominates. So here human capital has comparative shortage. Independent auditing is a special industry for protecting stakeholders'proper right, its business's particularity decides large demands for human capital innovation ability. However, Independent auditing with the form of enterprise for operation can not get rid of character of common enterprise. Based on it, The thesis puts forwards financial capital's special effection in independent auditing.From the second chapter, the thesis firstly deeply recognizes the mission for protecting independent auditing stakeholder's proper right and educes independence requests for financial capital along with seeking for root of independent auditing's coming out. Then, it makes a historical analysis for independent auditing's development and step by step summarizes financial capital's three effection: compensation,assurance and signal transfer. At the same time, the thesis builds their sequence frame with comprehension of the three effections'internal logical relation. The third,fourth and fifth chapters continue the relation in arrangement: signal is necessary for financial capital effection's exertion; assurance is the assurance and comprehension for honest signal; compensation encashes the foregoing assurance. Thereinto, the third chapter, with information asymmetry theory and signal transfer theory, analyzes that financial capital is the strong carrier of auditor's honest signal. And it put forwards corresponding suggestions aiming to factors that baffling financial capital's signal transfer as well. The fourth chapter, with the process of auditing quality's realization, makes discusses in initial quality and auditor. Then, it testifies the reality and necessity of assurance effection combining with correlative data. At last, the thesis emphasizes on discussion about manifestation of financial capital's compensation effection—auditor's ability for compensation. Meantime, with a lot of rule of law, the thesis puts forwards systematic measures for foster auditor's real ability for compensation.The thesis discusses along with combination of theory and practice, and it always testifies the human capital effection in theory with practice. However, obtaining particular instance of financial capital in real is fairly difficult. So making questions research can more discover and solve the questions in the thesis.