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Audit Integrity Mechanism On The Chinese Capital Market Efficiency

Posted on:2005-06-22Degree:MasterType:Thesis
Country:ChinaCandidate:L Y GuoFull Text:PDF
GTID:2206360125457167Subject:Accounting
Abstract/Summary:PDF Full Text Request
Researching on how auditing honesty system influencing capital market efficiency of China , channling auditing honesty into capital market supervision, is a capital market supervision's objective require, and a new taste in theory and method of studying improving capital market efficiency. The research will do good to the auditing system and the development of capital market.Firstly, the thesis theoretically analyzes auditing honesty and capital market efficiency. The analysis includes the scientific connotation , classified standards and running characteristics of efficient capital hypothesis, its contribution and limitations. Then, the essay points out that resesrching capital market efficiency from the aspect of audtiting honesty is inevitable choice of capital market supervision. Secondly, I expound the problem of auditing honesty from the aspects of relative interests entity, basic moral framework ,administrative levels of auditing honesty , goodwill basis, and environmental optimization ,which supports the research of this proposition. Then I discuss the condition and path that auditing honesty system takes effect to capital market ,and construct the norms of auditing honesty system, expaining applicability of the norms.To validate the research conclusions above, based on 343 companies listed, this thesis makes further empirical research by designing and employing improved earnings/returns model. The empirical research indicates that the independent trustee system, unhonesty penalty of CPA and scale of the accountant's office all take effect to capital market efficiency.
Keywords/Search Tags:auditing honesty system, capital market efficiency, earnings/returns model
PDF Full Text Request
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