Social Audit Commissioned By The Mode Analysis Of The Problem,

Special stock right structure makes state-owned equity have comparative advantage in the Chinese listed company. This phenomenon and the absence of owners lead to serious "insider control" in these companies. This reflection in the mode of auditing appointment right results in the auditing consigner and the audited company integrating with each other. The market of audit is a buyer' s market, and CPAs are unable to choose companies. The problem in the mode of auditing appointment right becomes more serious and damages auditing independence. It can be found out from the evolution of auditing that only having defined the auditing consigner could solve the problem in the mode of auditing appointment right completely. According to our country's present corporate governance structure, shareholders' meeting, board of directors, independent director and audit committee can't be competent at the auditing consigner. After the supervisory board reformation, supervisory board can serve as auditing consigner. The paper discusses the problem of the auditing consigner systematically and proposes the board of supervisors serve as the auditing consigner.