Auditing is an important part of supervision system of our Party’s and Country’s as well as organizations’ at different levels. It is also an institutional arrangement to monitor the exercise of economic power by law, which evidently characterizes the specialty of law. The promotion of establishment of national governance system and the modernization of governance capacity necessitate the construction of system concerning the auditing specialty, academic learning and discourse with Chinese characteristics in order to build up an educational program for training modern auditing personnel of our own. Currently, auditing as a discipline has its definite object of study and has developed into a relative independent, self-systematic theory, knowledge basis and research methods of its own. Therefore, the conditions for setting up auditing as a first-class specialty have been mature and should be listed as a first-class specialty subject to the discipline of law.