Research On The Relationship Between Certified Public Accountants Committee And Certified Public Accountants Alternative In The A-share Market

Financial fraud cases of McKesson·Robbins medicine company was happenedin1938. A range of drawbacks in financial information disclosure and the CertifiedPublic Accountants process had revealed. So Audit Committee system proposed andformally established for the need of regulating the Certified Public Accountantsprocess and clean Certified Public Accountants environment. From2001, with Enron,WorldCom and other companies have emerged a series of financial fraud cases, peoplebegan to pay attention to the settings of the Audit Committee. The introduction of the“Sarbanes-Oxley Act” marked the formal Audit Committee system to be a writtensystem of regulations, and also marked that the rights and obligations between theAudit Committee and Certified Public Accountants had have legal provisions.In the theoretical literature of the Certified Public Accountants committee， theCertified Public Accountants committee system and the Certified Public Accountantsrelationship is the most important research direction, and has achieved a great deal ofresearch results. In these studies theoretical results, there are two facts, one is for therelationship between the Certified Public Accountants committee and the quality ofCertified Public Accountants reports, on the other hand, the relationship betweenCertified Public Accountants committee and Certified Public Accountants alternative isalso very important.Between2008to2010, many Certified Public Accountants of the listedcompanies changes. In addition to the changes caused due to the division of the firm,or loss of Certified Public Accountants qualifications from SFC punishment, otherCertified Public Accountant changes are not clear. The abnormal changes make thelisted company Certified Public Accountants report quality low and cannot be believed.Therefore, the impact factors of Certified Public Accountants alternative have been the main topics for many scholars. The relationship between the Certified PublicAccountants committee and Certified Public Accountants is very closely. From theperspective of the functional departments in listed companies, the study may have newdiscoveries.In the first, this paper reviews the theoretical literature of the effectiveness of theCertified Public Accountants committee and Certified Public Accountants committeecharacteristics. And then from the theory, this paper analyzes the theoreticalbackground of the Certified Public Accountants committee, as well as the correlationbetween the Certified Public Accountants and management. At last, we focus fourmain characteristics of the Certified Public Accountants committee. They areindependence, professionalism, size and diligent. We study the relationship betweenthem and the Certified Public Accountants alternative in this paper. In the empiricalresearch, we select the relevant data of listed companies between2008to2010. Weestablish a regression analysis model, and logistic regression analysis method to verifyit. The final results show that: the independence, professional, size and diligence of theCertified Public Accountants committee are have adverse impact to the CertifiedPublic Accountants alternative. This study can enrich the studies of the influencingfactors of Certified Public Accountants alternative, and the study of the relationshipbetween the Certified Public Accountants committee and Certified Public Accountantsalternative. The value of this paper is to provide a method to to reduce Certified PublicAccountants alternative from the Certified Public Accountants committee settings, andachieve the purpose of the effective Certified Public Accountants of listed companies.