Government Audit Issues In The Management Buyout Of The State-owned Listed Companies

The main direction of the state-owned enterprise's reform is a diversification of the enterprise'property right. The management buy-out not only can enhance the efficiency of management but also can increase the value of enterprise. So management buy-out become an important method which turning state-owned enterprise into private enterprise. But in practice, there are many problems of the management buy-out happening in our country. The most obvious embodiment is the behavior of fortune'diversion among people relative to the enterprise. The shortage of monitoring of government audit is the main reason that causes the following problems. This paper first analyses the monitoring function of management buy-out from public audit. Secondly, this paper expatiates the relationship of government audit's monitoring function and problems of our country's management buy-out. At the end of this paper, the writer discusses the way to enhance intendance of management buy-out from government audit.