The Research Of The Legal Status Of Independent Auditing Standards

During the process of the development of accounting profession in the past one hundred years, in different historical periods and economic backgrounds, the issue on legal liability of the Certified Public Accountants (CPA) is the timeless topic. CPA and accounting firms are involved into the litigation more and more from the middle1990s in our country. However, the construction of a suit of relative laws and regulations lags far behind the development of domestic CPA profession, and judicial authority has not set criterion toward the civil liability of CPA to judge by. Therefore, bettering the judging criterion on CPA's legal liability is the urgent issue to deal with.How to recognize CPA's legal liability? Can we consider Independent Auditing Standards as a judging criterion on the basis of which accountants should assume some of the negative consequences or compensation of civil liability? In fact, this could be attributed to the legal status of Independent Auditing Standards. Confirming the legal status of Independent Auditing Standards can not only prettily define the CPA's legal liability and protect the CPA's legitimate interests, but also can better Independent Auditing Standards, enhance audit quality, enhance the credibility of the audit profession and safeguard the investors interests. And on the basis of that, it is of great significance to achieve healthy development of the profession.The dissertation defines the law concepts relative to CPA civil liability firstly, then it focuses on the analysis of the following controversial areas in law: definitive principles for auditing tort liability, the judging criteria of fault etc., and it states the legal status of Independent Auditing Standards from the perspective of law; Further, to complete the law analysis, the dissertation analyzes definitive principles of the CPA's legal liability and the game between the interest of social publics and the interest of CPA from the perspective of economics. Then, by reviewing different legal status of Generally Accepted Auditing Standards in different historical periods in American, the author studies the legal status of Independent Auditing Standards in China regarding our specific legal and economic environment...