Theory Of Chinese IPO Auditing System

China’s securities market from eighties of last century development has the IPO auditing system has undergone many changes, evolved from the administrative control of the transition to a market. After the request to decide the party’s 18 plenary session in 2013 on "Promoting the stock issuance the registration system reform", the registration system reform is a foregone conclusion.This article aims to explore the connotation of the IPO auditing system, and found that the existing deficiencies of the IPO auditing system to clear process of China’s IPO registration system reform. In addition to the introduction and conclusion, article is divided into four parts, the specific structures and contents are as follows:Part I: "The rationality analysis of the IPO auditing system" attempts to answer why the IPO auditing system exists. Firstly, this paper starts from the theoretical roots, to a certain degree of autonomy Theory and the theory of government intervention in the market thinking.This paper argues that limits of government power allocation and market partitioning is the meaning of its existence. Also from the two-dimensional analysis of the role of the IPO auditing system.The micro dimension IPO issuance examination behavioral norms the stock, while helping the company improve its governance structure. At the macro dimension of the IPO auditing is to protect the legitimate rights and interests of investors and the stock market as a barrier to prevent systemic financial risks.Part II: "The holistic consideration of the IPO auditing subject," introduces the auditing subject of the IPO auditing system. By combing the different situations of the IPO auditing subject the different stages of development of securities markets, summarize the subject issuance of auditing own characteristics and limitations. And analyze the implementation of the provisions of The registration system of the United States and The ratification system of Hong Kong the different auditing regime to the IPO auditing subject. In order to provide reference for the development of China’s current auditing of the subject.Part III: " The partial modification of the IPO audit standards," the next major auditing of the existing system of public offering of stock the company intends requirement to be met full finishing. To analysis the real date who was fails the audit for the IPO auditing standards in recent years. Find sustainable profitability is an important criterion for issuing auditing in our country. Then to sort out the sustainable profitability of audit standards in the registration system reform positioning.Part IV: "The structural optimization of the IPO audit procedure" brief out present review process of the IPO, and review our auditing procedure in the history of standing abuse. For the reform measures we have taken to address related issues are reviewed in brief. In addition, because the ultimate goal is to successfully implement our IPO auditing system registration system, Therefore, based on the method of comparative research United States Securities issuance Auditing and verification of basic processes, summarizes registration advantage, and reality of the environment. In order to derive the developing trend of China’s overall reform with registered grasp. Finally, the article analyzes the retention or abolition of the Reform of the The registration system in the heart of the issuance our the ratification system of the Audit Committee.