| In recent years, China and foreign countries happened a series of financial fraud cases frequently, so the the Audit Committee system more and more be attention. People explored the reasons for the financial fraud cases, more weakening of the internal audit and the audit committee of listed companies as an important cause of defects in the system. Audit Committee as a special committee under the Board of Directors for dominance by a single shareholder to contain the phenomenon and improve the corporate governance mechanism, to improve the quality of financial information for stakeholders and provide useful decision-making that the information has played a positive role. Depth discussing of our audit committee system and its effect on the impact of accounting transparency of listed companies to establish internal oversight mechanisms, the discovery of financial problems in time to improve the situation of information disclosure, thus promoting the healthy development of capital markets has important theoretical and practical significance.In this paper, based on literature review, first defining the concept of the Board of Auditors, the Audit Committee of the evolution of the system, the Board of the Audit Committee wifh the duties and the independence of aspects such as the theoretical basis, the Board of the Audit Committee to carry out theoretical analysis system; then analysis of the audit committee system the impact of accounting transparency; the last randomly selected one hundred listed companies, analysis of the Audit Committee system of transparency and accounting. Find out the Audit Committee of listed companies the existence of the problem in China and put forward countermeasures and suggestions related.The study found that through this article, the audit committee system can improve the quality of financial reporting, disclosure of financial information makes even more true, complete, and the impact of accounting transparency. If there is a sound system of the Audit Committee, and role playing, then it has the higher accounting transparency. Instead, accounting transparency is low. However, due to the Audit Committee of our system in its infancy, did not fully play its role, the main problems: serious dominance by a single shareholder ; restricting the independence of poor functioning of the Audit Committee ; audit committee system, there is no corresponding legal recognition and protection; audit Commission to define broader responsibilities, the Audit Committee is not conducive to the effective implementation of the system. Therefore put forward: improving the internal management structure, streamline the relationship between property rights, the split share structure reform; the establishment of an independent director of the training system; suggested that the "the Company Law" and "the Securities Law" and other related laws to create a good legal environment; member of the Audit Committee to improve the professional quality; the establishment of the Audit Committee to disclose the mechanism.In this paper, using a combination of qualitative and quantitative, and standardized methods to study the system of the Audit Committee. Conducting theoretical studies with practical experience at the same time ,focus on combination of listed companies in China based on the system status of the Audit Committee, summarized the situation from the general theory of a common, come to the concrete practice of the proposed guidance. |
