Study On The Internal Audit Of Listed Company In China

Listed companies in China mostly concentrate on pillar industries which matters vital to national well-being and the people's livelihood. Not only do they represent the advanced managing technology, but also the strongest motive to promote the national economy. Compared with other kinds of enterprises, listed companies feature with relatively well-found govern administrations and involve with more interest groups, which required their operators to fulfill responsibilities more effectively and revealed only authentic information to interest groups fairly. But recently the frequent exposures of public listed corporations'fraudulent cases have caught people's attention and now people are concerned with their internal administrations. As an indispensable component of company administration, internal audit has played an important role in supervision and management.The fact is Chinese internal audit has established through administrative means which has no actual meaning in law, what's more, lots of them imitated the western patterns mechanically without considering our own practical situations. All of these lead to the result that the internal audit has very limited effect. So how to design a set of suitable internal audit for Chinese listed corporations and play a better part in enforcing supervision, improving internal controls, avoiding risks, adding value, participating in corporation governance. It has become a distinguished problem aroused through practice and possessed theoretical, actual worth.Guided by the theories of the Management and Audit, based on Chinese practical situation, from the angle of commissioned agent and company administration, this paper will have a comprehensive discussion, analysis and study of the questions existed in Chinese internal audit and put forward relevant constructive improving suggestions. The paper have seven major chapters:the first part will give an account of study purpose and significance, including domestic and foreign audit documentations; the second chapter elaborates on the basis of internal audit theory and Chinese listed companies' characteristics and connotation; the third chapter gives an account of the target and traits of modern internal audit, then analyze the status and functions in the corporation governance; the fourth chapter analyze the actual state and problems of Chinese internal audit; the fifth chapter have a case study of Zhengbaiwen, giving a more profound analysis of internal audit and put forward some suggestions; in the sixth chapter, aimed at typical problems of Chinese companies it will bring up some constructive suggestions; in the last chapter, the essay will provide an outline and brief summary, point out the deficiencies of this paper and the outlook of the future research.