Study On Technical Information Disclosure And Independent Technology Audit Of Mining Listed Companies In China

This paper studies the technical information disclosure and the establishment of an independent technical audit system of Mining Listed Companies in China. By empirical research, found that the mining industry compared to manufacturing, high levels of long-term liabilities, current liabilities are low, and shows that our mining industry need to further cultivate the capital markets, increase the intensity of mining enterprises listing and financing. After game analysis on the necessity of technical information disclosure, this paper considers it necessary to establish an independent technical audit of mining public financing system to ensure the authenticity and timeliness of the technical information.Based on the analysis of the global accepted technology disclosure and regulation in mining capital financing, this paper describe the independent audit system and analyze the incentive of mining capital financing audit, applying accountability, agent theory, information asymmetry, conflict theory, and insurance theory. Combined with the traditional audit theory, we propose the framework of independent audit system in mining capital financing in China, discuss the audit theory in this field, and lead further analysis in audit transaction context, reporting context, audit process, audit subject qualification and the regulation in audit system.