Research on Improvement of Audit Committee Based on the Internal Control System

摘要

In order to improve the western corporate unitary structure, audit committee system was set up, which is different from Chinese 'board of directors+supervisory board' structure. The direct adoption of audit committees in China certainly will bring conflicts of systems and make the running and development of audit committee system very difficult. Therefore, it is absolutely essential to improve audit committee system to make sure it can perform in China. Up to now, there is little research about the improvement of audit committee system based on its internal control responsibility in China. As a result, this article chooses internal control as a breakthrough point to make audit committee system better, and uses COSO and ERM framework to study the ways of improvement of audit committees in order to develop audit committee system and enhance corporate governance overall efficiency.