Independent Audit Of Listed Companies In China Low Transparency Of Accounting Information

The low transparency of The listed companies' accounting information leads to low independence of auditing, which has been an impending problem should be overcome. Based on the combination of the theoretical analysis and cases study, and using the theory of Information Asymmetry, this paper discusses some basically issues over the asymmetrical relations between the listed companies and the CPA auditing, proposes some idea and suggestions on how to improve the independence of auditing. Details including: 1 ) To analyses the efficiency of the securities market by the accounting information through Efficient Market Hypothesis: 2 ) To introduce the environment of CPA auditing in securities market; 3 ) To analysis the situation and causes of the accounting information's low transparency in the securities market of china, point out China's listed companies lack the need of high transparency of accounting information, which leads to low quality of CPA auditing; 4) Combined with the asymmetry theory of the CPA auditing's costs and benefits, it analyses the influences on the independence of auditing of listed companies in China, then elaborates them with Analytical Hierarchy Process(AHP); 5 ) To propose four ways to promote the independence of auditing in China; 6 ) To discuss the challenge to the CPA auditing after China joining the WTO.