Research On Audit Precaution Of Interest Conveying Behavior Of Major Shareholders

With the development of China's capital market,economic activities become more and more complex,the illegal activities engaged in the transmission of benefits are"hollowed out" listed companies.There are a lot of real cases in which major shareholders of listed companies take advantage of the interests of minority shareholders,from the point of view of agency problems,the second kind of agent contradiction intensifies.In the long run,the interest transmission behavior of major shareholders will lead to the optimization of the company's internal capital allocation resources can not be realized,seriously leading to the distortion of the company's internal capital allocation.The existing literature mainly focuses on the causes of behavior and common means of exploration,and at this stage of China's listed companies often in their own inability to operate under the circumstances will reveal the"hollowed out" inside.This article will think from the audit point of view how to prevent the interests of major shareholders to transport behavior,hoping to "hollowed out" in advance to play the role of supervision and prevention.First of all,on the basis of traditional theory,this paper summarizes the causes,common means,adverse effects and inhibition measures of the interest conveying behavior of major shareholders through literature review.Then,take the method of case study to choose Hairun Photovoltaic as an example.Through the development of the industry,the company's operating conditions and governance structure,according to the actual data in the case to analyze the distribution of cash dividends,the manipulation of stock prices and related transactions and other interest transmission behavior means.And identify the causes of the behavior in all its aspects,including corporate governance structures and internal controls.The internal audit mechanism of the company is in vain,and the external independent audit supervision is weak and so on audit defects.Finally,put forward the prevention suggestion:reform the corporate governance structure,improve the composition of the supervisory board,improve the independence of the Internal Audit Committee,and form.Improve the audit quality of CPA with the help of data platform by reforming audit method with big data and other technologies.The requirements for the quality of internal control information disclosure should be more stringent.Accounting firms and CPA associations should pay attention to organizing and cultivating auditor industry professional skills in many aspects.From the point of view of audit,different from the previous empirical research,the use of case studies,more from the microscopic point of view to explore the specific emptying process.And in view of the audit defects exposed in the process of stealing benefits,the audit prevention opinion is put forward.The practical significance of this paper mainly lies in the expectation that the prevention suggestions put forward from the audit point of view can promote the internal management of listed companies,strengthen the supervision of supervision departments,and improve the recognition ability of investors.It is hoped that in the initial stage,it will effectively guard against the occurrence of the illegal transfer of interests of major shareholders,for the interests of small and medium-sized investors to prop up the umbrella,but also for the continued sound development of China's capital market to make a positive contribution to the theme of the Times,"strengthen the clean government".