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Audit The Integrity Of The Mechanism Of China's Capital Market Efficiency Research

Posted on:2004-10-16Degree:MasterType:Thesis
Country:ChinaCandidate:H WangFull Text:PDF
GTID:2206360125957210Subject:Accounting
Abstract/Summary:PDF Full Text Request
The negative influences made by corporate company co-operating auditors do not only decrease the degree of trusting financial information but also impair the auditing honest foundation in capital market, so that a series of prefect and creative theory and method in research capital market is required urgently. Traditional capital market efficiency theory and research thread almost revolves around the quality and capacity of information contained in the market prices of capital market change objection such as securities, and differentiates market efficiency through a lot of positive analyses. Researching on capital market efficiency from the aspect of auditing honesty, however, is a capital market supervision's objective require, and a new taste in theory and method of studying improving capital market efficiency. Therefore, the research on auditing honest system making influence on Chinese capital market efficiency to which applied the theory of "subject clusters" include sociology, ethics, information economics and so on do not only initiate a new kind of researching means and running thread in our country capital market effective and efficient management, but also contributes to some practical significances such as providing some policy advices for our government about improving capital market development environment and regulating capital market supervise frame, and giving theory platform for our countries' auditing regulation renovation and auditing aimed function location in market.In this paper, firstly, after the studying backgrounds and significances of this title being described, and its current research situations in board and home being analyzed systemically, the researching frame and methods in this paper were put forward. Secondly, auditing honesty and the demands of auditing quality in our country capital market were analyzed. In this part, the real definition of auditing honesty and some other concerned conception were brought forward. In the course of study, author found the fact that the demands to high-quality auditing service in Chinese capitalmarket is rather weak, and CPAs lack in inner motive to stick to honesty. Based on this worrying situation, auditing honesty's reasonable location in capital market was further established. Thirdly, environment factors in capital market auditing honesty were discussed. Through reorganizing the supervises rules transferring processes of CPA in the United States, we obtained a series of experience from it, and brooded the constructing frames and concepts of auditing honest system for improving Chinese capital market efficiency from two aspects, which are self-regulation system and illself-regulation system. Subsequently, the work conditions, process and fundamental functions of auditing honest mechanism were discussed. At the same time, auditing honest system mainly acting on capital market internal efficiency and external efficiency respectively by information source and transmitting process, and transaction's time interval and its cost were developed. Furthermore, the influence methods and guarantee measures also were analyzed in detail. At last, taking Auditing Opinion in Chinese capital market from 1992 to 2002 as study object, the author analyzed the regular trend and distribution of Modified Opinion during past ten years, and discussed the information capacity transmitted by Modified Opinion.
Keywords/Search Tags:auditing honesty, honest system construction, capital market efficiency, action mechanism
PDF Full Text Request
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