The Study On The Efficiency Of External Supervision Of Public Company And Non-standard Audit Opinion

Since the Reform and Opening up,the focus of our government work began to shift to economic development. Reform of the economic system in the past thirty years, gradually people realized the important of rapidly building an efficient external supervision system of market economy. Because our security industry developed in the special historical period,improving the related law and code and inducement of high profits, so our security market is incompletely developed. Phenomenon of contravene laws and regulations in the security market is so common, these behaviors not only resulted stakeholders in huge economic losses but also aroused strong resentment among the public, the most important these behaviors upset the economic order of security market. Therefore, in order to make the capital market stable, healthy development, so that the interests of investors are protected, we should as soon as possible formulate and improve the supervisory of regulatory system, rules and methods of the listed company regulations to form a complete, detailed, long-acting laws and regulations system. Only by establishing a sound and integrity capital market laws system, our capital market improvements get long-term improving, which need our government's perpetual research, actively learning advanced experience of foreign countries, learn from the lessons of the past, struggling improve the supervisory of regulatory system outside of the listed company.This paper is about regulation of non-standard audit opinions in our security market and the effectiveness of external supervision, by researching the relationship between non-standard audit opinions and the influencing factor of external supervision of listed companies, research the factors affecting the effectiveness of external control, thus contributing to more effective external supervision of listed companies, more independent CPA, information disclosure more real and reliable. Firstly, this paper analyzes the theory of the audit and listed companies system and puts forward the hypothesis that the greater external supervision punishment and the more non-standard audit opinions issued, so the more effective external supervision; exiting the stock market of external supervision more strict and the more non-standard audit opinions issued, so the more effective external supervision. In the second place, by empirical methods were analyzed for the proposed hypothesis. Finally, this research proposed by external supervision of listed companies which exist problems to be solved, and make some suggestions and strategy.In this paper, I adopt methods that combining specification and empirical research, at first, I deep analyzed the theory of audit, following I analyzed the present situation and characteristics of the external supervision system, Then contacting the non-standard audit opinion to discuss the question of effectiveness of external supervision and attempt to explore problem of external supervision and how to be more effective based on non-standard, thus promoting more formal operation of listed companies, more accurate accounting information, external supervision of listed companies more complete, from the non-standard audit report translate into the standard audit report.