Study On Chinese Listed Companies' Internal Audit

With the establishment of the Modern enterprise system, the companies which are the main body in the socio-economic activities face increasingly complex market environment and intense competition, resulting in more and more corporate governance issues. As the most dynamic part in China's economic activities and the most representative organization forms of the modern enterprise, listed companies promote national economy's sustained, rapid and stable development. Due to involving the interests of all parties, Internal Audit is in a very important and special position in listed companies, whose condition of the management and information has received unprecedented attention. Especially when the accounting frauds of listed companies at home and abroad revealed to the world, the quality of accounting and internal governance of listed companies have become the focus of all attention. It is the consensus for the company management community and the internal audit community at home and abroad that effective governance of listed companies must have included internal audit. And Internal audit is gradually showing its unique advantages than external audit in strengthening supervision, improving internal controls, avoiding risks, increasing the value of companies and so on.However, Chinese internal audit system established in the government intervention, by using administrative and legal means. Because of the unique background, the internal audit systems of listed companies have many problems, such as: the poor independence, unreasonable institutional arrangements, the lower quality of personnel and whole system and so on. Then it is created a vicious circle because of the problems that involve and restrict each other and the laws and regulations that is not perfect.Based on domestic practice, the writer attempt to discover and study the problems of Chinese listed companies from a variety investigation data, and analyse the relationship among these issues which are appear single intrinsically. The research of internal audit in the Western developed countries have had a very long history, and accumulated rich experience. So I hope to carry out a more in-depth analysis the issues by the contrast of the Western and Chinese internal audit system. In order to advance reasonable proposals for the development of our listed companies' internal audit...