The Research Of The Influence On The Characteristics Of Audit Committee In Chinese Listing Corporation On The Independent Audit Quality

In2002, a guideline on "Corporate Governance of Listed Companies" was promulgated inChina, which stipulates that "the Board may, in accordance with relevant resolutions of the generalmeeting of shareholders of listed companies to establish strategies, audit, nomination, remunerationand evaluation Panel." It is one of the primary duties of the Audit Committee are detailed proposalsto hire or replace external auditors, safeguarding the quality of external audit. Then after years ofdevelopment, the Board of Auditors from the establishment of the system to continue to develop, inpromoting the management of listed companies, scientific decision-making have achieved somemeasure of success. But whether this Committee in the listed companies can run perfectly indeveloping the quality of independent audit, has been controversial and thus become interestedparties more concerned about the theory and practice and research issues.This article first reviews the relevant literature, describes the operation of the audit committeesystem established theoretical foundation and guarantee the quality of the theoretical basis of anindependent audit, a detailed analysis of listed companies in China of the Audit Committeeestablishment and its characteristics, based on this analysis the size of the audit committee,independence, professionalism, diligence and a member of the educational attainment of these fiveaspects of the quality characteristics of the independent audit related impacts, the use of multiplelinear regression models were tested. In this paper, we chose2012Shanghai A-share listedcompanies of all data as the original data, in order to exclude certain standards for data obtainedafter empirical test sample. Because of the non-observation of audit quality, in the research ofprevious literature on audit quality measure, this paper select the degree of earnings managementwith the company handling accrued profit levels as substitutionn variables of independent auditquality, for the characteristics of the audit committee of independent audit quality and analyses theextent of the impact direction. The empirical results show that the relationship between the accruedprofits reflects to be negative, which would reduce the company’s audit committee sizemanipulability accrued profit levels, independent audit quality will be improved; The number ofindependent members of the committee is inversely proportional to the steer ability accrued profits,which shows that the strength of the independence of the audit committee, the higher theindependent audit quality. The increase the number of audit committee meeting will also makeindependent audit quality improvement; And other features and independent audit quality is notobvious positive correlation. Finally, based on the empirical analysis result, and puts forwardSuggestions to strengthen the construction of the audit committee system, hope that through the optimization of the construction of the audit committee to improve the system of audit committee, inorder to improve corporate governance, and further improve the quality of independent audit, protectthe rights and interests of investors.