The Research On Audit Committee System Based On Corporate Governance

In China today it is of much significance to study the establishment and perfection of the audit committee system from the point of view of the corporate governance. First, perfect corporate governance is one of the key issues to the success of China's economic reform; however, there are still many unsatisfied aspects in the operation of the listed corporate governance structure. Second, as an important part of corporate governance, the audit committee system plays a crucial role. At present, the theoretical study of the audit committee system in China on the whole is still at the stage of introducing and absorbing the western audit committee theory, and the study of the audit committee system based on the corporate governance is still at the initial stage. Based on these considerations, I regard the audit committee system in the structure of corporate governance as my master's degree thesis.This paper discussed the construction of the audit committee system based on the international comparisons of the audit committee systems and the empirical study of the effectiveness of the listed company's audit committee system from the basic theory of the audit committee system and corporate governance by using the methods of historical studies, comparative studies, empirical analysis, normative analysis, etc. Specifically, four parts were included. (1) Basic theory overview of the audit committee system based on corporate governance, including the audit committee system and the relationship between the audit committee system and corporate governance. (2) International comparisons of the audit committee systems from the membership, qualification, responsibilities, independence, modes, law, etc. and also the revelation to China were discussed. (3) Empirical analysis of the effectiveness of the listed company's audit committee system. The conclusion that the effect of the audit committee system in our country has not yet fully exerted was drawn according to the statistical test of three-year data of 232 sample companies by SPSS software. (4) The audit committee system establishment and perfection based on corporate governance, including the operation system, the motivation and restrain system, the evaluation system, the internal management relations system and the legal system.The innovation points in this article embody the following aspects: (1) Empirical study. At present, the theoretical study of the audit committee system is still in the initial stage and this paper conduct an empirical analysis of the effectiveness of the listed company's audit committee system. (2) Study area. For there are not comprehensive and systemic studies of the audit committee system, this paper designs an audit committee system based on corporate governance.