Research On The Legal System Of IPO Issuance Examination In China

This year, the NPC Standing Committee for consideration by the "Securities Act"(Revised Draft) proposed public offering of shares to implement a registration system for information disclosure as the center, market participants by the issuer’s asset quality parties, the investment value judgment. That IPO is an initial public offering of stock in the public offering, IPO issuance examination of the legal system in the area of securities has a very important position, healthy and stable development of the stock market have a negligible effect. Thus, for IPO issuance examination registration system reform will be very important. However, the implementation of registration system can not be done overnight, should be gradual, not to copy foreign legal system, it should be combined with existing domestic IPO issuance examination legal system and investment environment in reality, and learn from foreign legislative experience and well versed in the true intention behind its institutional framework ensure IPO issuance examination registration system reform science and rationality, to try to build practical, feasible IPO issuance examination legal system.In this paper, the three main aspects of the US IPO issuance examination included in the legal system, that system auditing body, issuers and institutional securities services Subject System- A Case Study of the accounting firm specific, detailed description and analysis. In addition, for IPO issuance examination legal system is currently running a brief overview of the proposed registration system after China’s implementation, IPO issuance examination legal system should choose the path and institutional construction combined IPO issuance examination registration system under the legal system of the United States.