Audit Commissioned By Mode Of China's Listed Companies

In recent years regarding the reason and solution of financial scandaland correspongding audit defeat of a series of domestic and foreignlisted companies, has always become a hot topic drawing much attentionfrom the accounting theoretic field in our country. The scholars carried onsome explorations from each aspect, and the research focal pointgradually shifted to reconsider to the audit entrustment pattern of listedcompanies in our country, but, not yet formed the quite mature consensusof opinion. Therefore, research of the rationale, the development course,the realistic difficulties, the reform difficulties of the audit entrustmentpattern of the listed companies in our country and finding out a newauditing entrustment pattern based on the reconsidering of existingpattern that suits our national condition, has the important theoretic valueand the practical significance.This paper studied from the research of the rationale to the historicaldevelopment process of audit entrustment pattern, and with elaboratingthe audit independence, pointed out importance of the audit entrustmentpattern to the audit independence. Based on the research of the presentsituation of the audit entrustment pattern and the reason why it causes theaudit defeat, this paper studied the typical reform method of it which hadincluding the audit commitee pattern, the financial statement insurancepattern, the securities regulatory commission pattern, and emphaticallyelaborated the difficulties which they met. In view of the reformdifficulties of the entrustment pattern in our country, the author proposedthe government-based audit entrustment pattern. With the analysis of thegambling, the stockholder's rights structure in our country, thecharacteristic of audit servicese as well as the government's function inthe market economy, the paper constructed the theory basis of thegovernment-based audit entrustment pattern. Through the elaboration ofthe composition and the function of Audit Service Exchange, and thedesignation of it's working flow and the relational laws and regulations,the paper constructed the concrete content of the government-based audit entrustment pattern. Through the audit defeat case of the ST Shengfangcompany, the paper elaborated the malpractice of present auditentrustment pattern in the realistic stratification, and the role which it mayplay if uses the government-based pattern. The case has confirmed thenecessity of reform of present audit entrustment pattern and the thevalidity of the government-based audit entrustment pattern.