Audit Delegated Power And Reconstruction Of CPA Audit On Listed Corporations

Recently, both international and Chinese listed corporationshad come forth a lot of financial fraudulent practices. We cananalyze the financial fraudulent practices based on corporationgovernance or based on CPA auditing superintend. The defect ofactual audit commission resulted in deletion on theindependence of CPA audit.Based on analysis about audit commission development, the paper analyses actual audit commission. So we can knowthat the audit requirement of listed corporations is controllingrequirement based on the government control or the lawregulation not spontaneous requirement; in the actual auditcommission, the audit commission is paid to the accountantoffices by the listed corporations that will lead to the listedcorporations control the commission of the accountant offices;the audit information of the corporations has characteristic of a kind of communal goods, and it has external character, so wecan provide for changing the actual audit commission byshifting the audit commission fight to an institution that protectfor public advantage. The defect of actual audit commissionleads to the unbalance of the audit relation, and leads to thelack independence of accountant offices; the listed corporationslack the spontaneous requirement of high audit information, itsrequirement is forced requirement by the law or the government, in the actual audit commission, however, they need inveraciousaudit information, which may lead to the malign competition ofthe audit industry and prevails on the auditors and the governorsof listed corporations were cahoots.The defect of actual audit commission and the distortion ofthe audit commission right that may make the governors makefinancial fraudulent practices unscrupulously need to change theactual audit commission, to shift the audit commission right.Due to the reconstruction of the audit commission and the shiftthe audit commission right, the audit relation become 4participators since original 3 participator and the actual 2participators. The defect of actual audit commission is settleddown or not rests with the design of the subrogation constituent, the subrogation constituent delegates the benefits of correlations and the authority of the subrogation constituent.The paper assume that the negotiable securities intendancecommittee inviting public bidding system is a kind of new auditcommission. In the negotiable securities intendance committeeinviting public bidding system, the negotiable securitiesintendance committee is intendance department and fungibleclient of audit commission of listed corporations, and it protectspublic benefit, so it settles down the defect of actual auditcommission and improves the audit quality. So it is a viableproject.