Research On The Effectiveness Of The Listed Company Audit Committee

The audit committee system have a long time in developed countries such as Britain and America, has become the important one annulus the development of corporation governance structure. From the practice of foreign experience, establishing and perfecting the audit committee play a important role to improve corporate governance structure, the audit committee of the board of directors has become the most important subordinate one specialized committee. In early 2002, our country promulgated the standard guidelines over the governance of listed company.The audit committee in the company, mainly responsible for supervision and the financial report and internal control system, especially plays an important role in the process of the financial information disclosure. During to the important role in corporate governance, whether the audit committee of the operation provide effective support external audit will depend on equity structure and corporation governance of audit committee system itself and degree of perfection.The text include the theory and empirical research and analysis of the listed company audit committee in existence of the main question and the relevant variables affect the effectiveness of the audit committee, and to enhance the effectiveness of the audit committee of the listed company.Empirical analysis to examine the major characteristics of the audit committee and corporate governance structure for the effectiveness of the audit committee, this is the main points.From abroad, the research of audit commission has been quite rich, and domestic in this research mainly based on standard methods,furthermore, the managing structure of Listed companies in china is also deserves further study.Due to the effectiveness of audit will, therefore, it may not be quantified by the Shenzhen stock exchange of information disclosure quality rating to characterize the audit committee of the effectiveness of rating level outstanding, good, pass, failed to give the corresponding quantitative numerical resectively. In addition, including the audit committee members of the total scale,member of the proportion of independent directors,the data of meeting.Empirical part in Shenzhen exchange 230 a-share listed companies as A sample, referring to the company's financial statements for 2008, manual entry for each company about the audit committee characteristics of data, using SPSS software using multiple regression model, the audit committee of the audit committee effectiveness impact characteristics of empirical analysis.