Actuality and Improvement of the Audit Committee of Listed Company
Hu Liu
Abstract
Hu Liu
Abstract
Shanghai Security News investigated independent director of the listed company and indicated the audit committee of listed company didn′t accomplish its responsibility in May,2004 .By studying the reasons which induce audit committee can′t work effectively, this paper thinks that we can improve audit committee from strengthening the independence of audit committee, improving the capability of audit committee, perfecting the responsibility of audit committee and strengthening the supervision and appraisement of audit committee.
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Shanghai Security News investigated independent director of the listed company and indicated the audit committee of listed company didn′t accomplish its responsibility in May,2004 .By studying the reasons which induce audit committee can′t work effectively, this paper thinks that we can improve audit committee from strengthening the independence of audit committee, improving the capability of audit committee, perfecting the responsibility of audit committee and strengthening the supervision and appraisement of audit committee.
Key concepts: Audit committee, Chief audit executive, Joint audit, Audit, Accounting, Internal audit, Information technology audit, Business