Audit Issues In Corporate Governance Research

The seperation of owner's rights and management's rights leads to the economy responsibility.The owners of property need to direct how is going with the economy responsibility by managements.at the same time,managements need to release it,as a result.auditing comes into being.But both the owners and managements are just pursuing maximum effect of themselves.Agent cost comes from it.How to deal with the agent cost becomes the most important topic of corporate governance.In fact.auditing is one of methods releasing agent cost.One handjt should be the key point in corporate governances the hand corporate governance will influnce the auditing effect.From financial responsibility to management responsibility,the manangement auditing comes into being.The latter is different from the form.Management auditing pays more attention to manangement information in order to make full use of assets and produce more economy effect. Internal management auditing can help manangers to perfect internal control system.While external management auditing can supply manangement informations as a supppliment to financial auditing.As for scandals of accouting and auditing,auditors are blamed seriously.lt is unfair for auditors to be burdened with so much blamings.ln fact.the corporate governance influences the independence of auditing The managers have the right to choose auditors because of the owner's equity structure.So the auditors can not express their opinions independently.they are often influenced by shareholders.they are often influenced by internal control.so we can not depend on auditors' opinions.We can learn from other countries' experiences of corporate governance.The auditing committee system can perfect corporate governance.The most important of all.the members of auditing committee are mostly independent directors.The members of the committee can supply chances for internal auditing.extenal auditing and managers to communicate with each other.The independent directors can make information exchange with internal auditors.At the same time,auditing committee have the rights to select external auditing.they can make a comment of the auditors' working.