Audit Committee is a professional committee of the of the Board of Directors. The New York Stock Exchange and the Blue Ribbon Commission (the Blue Ribbon Committee, the BRC) is the ultimate rights and responsibilities of the Audit Committee for accountants, screening, evaluation, and competency or replaced, so the audit committee plays a very important role. In this study, based on past literature, the Chinese mainland A-share listed companies as samples to investigate the establishment of the Audit Committee and its characteristics, will affect the independence of the opinion of certified public accountants.
The audit committee characteristics of this research to contain the size of the Audit Committee, the Audit Committee have financial expertise, as well as the number of shares held by members of the Audit Committee. The empirical results show that when the Chinese mainland A-share listed companies establish an audit committee and the smaller of the Audit Committee, the accounting profession a higher proportion of lower stake, accountants continue to operate doubts views of the enterprise shall be better able to resist management authorities the pressure to maintain issued a qualified opinion or repair a formal reservations independence.
