The financial statement insurance system is put forward to cut off the direct interest relationship between operators and certified public accountants by using the intervention of insurance companies, so as to improve audit independence. Theoretically, the financial statement insurance system is a perfect system, which can coordinate the interests of all parties.
However, judging from the current situation of China's capital market, there are inevitable problems in the implementation of the financial statement insurance system, whether based on the voluntary principle or the compulsory principle, and the system can not solve the collusion problem between listed companies and insurance companies or certified public accountants, so it is not feasible to implement the financial statement insurance system in China at present.