Corporate Governance In Accounting, Auditing, Corrupt Conduct

The bankrupt of Enron brings introspection of the model corporate governance. How to establish a reasonable and efficient corporate governance, how to guide the corporate to supply real and useful accounting information, and how to ensure the audit keep objective and independence, that are crucial problems needed be solved. The practices of global enterprises have proved that an efficient corporate governance is a forceful guarantee to keep a stable and long-term development of modern enterprise and gain satisfactory efficiency, which will eventually promotes the increasing of the economy. At first, in this paper, the author cites several definitions of the corporate governance, and summary the frame and main contents of corporate governance. The corporate governance structure is the system arrangement under the condition that the ownership and management are separated, that is the relation between the stockholder board, directorate, supervisory board and manager to improve efficiency. Then the essence and efficiency of corporate governance and its main models, and the progression of China's corporate governance are analyzed in detail. As to the situations in China, with the increase of the role of the market system, especially the emerging of the listed firm enterprise, great achievements have been made in the field of corporate governance, but it is far from perfect, the financial supervision is not fully effective.Subsequently, using the example of Enron, the author analyzes the reasons that lead Enron to dead, accounting fraud and audit cheat are the main factors, then the author analyze the influence of Enron death. With this case the author describe concisely the risks brought by accounting fraud and audit cheat. The relationship and interaction between corporate governance and accounting information was strengthened.On the base of comparison, the author talk about accounting fraud and auditing cheat in China's list firms, the means and reasons and influence of it are exposed and examples are listed. It seriously restrains the process of China's corporate governance. Then, with the theory of corporate governance, the author studies systematically the problem of accounting fraud and audit, including its cause and influence and extension the importance of credit. Enron accident produce shocks in a large sphere. Therefore, the U.S take actions to limit the accountant and audit scandal and improve direct regulating capacity and supervising level of SEC. In the meanwhile, AICPA shall actively reform their internal system; strengthen the management methods and the controlling of corporate governance.Furthermore, from the measures of U.S to fraud, the author describe the removing of corporate governance structure is inevitable to China, and researches on the reduction of audit and accounting cheat of listed firm. Finally, the conclusion and main opinion of this paper are summarized. The government structure of the Company is the microcosmic base for the health operation of the modern market economic and securities market. Clientage and interior control cause the asymmetry of accountant information of the listed company and is the source of the accountant audit scandal. An obvious disfigurement in the government structure of the listed company in our country is that the most important problem is illogical stock equity, meanwhile, there are short of credit standing, no useful monitor and accountant information is not transparent and the accountant audit is generally untrue. We should optimize the decentralization of objective stock equity structure of the government structure of the listed company and the content of the optimization should take the accountant information perfect and supervision as its center...