Study On Audit Quality And Supervision Of Chinese Securities Market

The most important thing to the trade of CPAs is the audit quality. If the audit quality can be trusted by numerous investors, investors will do need the information provided by CPAs and the trade of CPAs can have a bright future. In fact, the audit quality is poor, especially for listed company. Seeing from the false audited cases of listed companise, not only the numours investors had suffered gigantic economic losses, but also they had destroyed the public confidence to certified public accountant trade gravely.So how to improve the audit quality of listed company already has become an important research field. This article just takes this kind of situation as the background, to study how to improve the audit quality and try to provide new ideas for it.Firstly,this paper reviews the relevant study at home and abroad ,and then introduces the concept and related theory, this provide the theoretical support to the research work for the subsequent.Secondly through the checking and punishing reports of the China Ministry of Finance, National Audit Office, China Securities Regulatory Commission ,AICPA and other departments we can revealed that current audit quality is very poor.Thirdly,by the comparative analysis of supervision between the United States and China,we can identify a few problems in our supervision system,then by the game analysis between the supervision departments and auditors,we can conclued that the problems inevitably lead to the status of low-quality.Finally,we provide the corresponding measures and design supervision framework, in the framework the government supervision is the major measure , strict legal is the basis.and also the article gives the measures to improve the efficiency of the supervision,so as to enhance the audit quality of the securities market.