The Research On The Civil Liability Of Certified Public Accountant

The civil liability of Certified Public Accountants has been a topic arising general interests between legal and accounting professional the professional. With the development of the social and economic, it has been the focuses on the civil liability of Certified Public Accountants more and more. It is important to re-construct the credibility of the industry of Certified Public Accountants, for maintaining the order of securities market and protecting the interest of investors. This paper, by means of analysis integrating theories with practice, combining with the judicial practice and advanced theories of foreign countries, analysis basic theory on The civil liability of Certified Public , defines the standard false audit report discussed as experts civil liability, attempts to look for some fair and just ideas to solve these problems.This paper consisted of four chaptersThe first chapter theoretically analysis the civil infringement liability of Certified Public Accountants is predicated on torts, applying negligence theory, and constituting elements of civil liability of Certified Public Accountants in the combination of audit and law of tort liability.The second chapter focuses on the principle of presumption of faults , negligence and causation of the civil liability of Certified Public Accountants toward the interested third party based on the trust and high duty of care as experts.The third chapter review standard of false audit report. There are four elements of the civil liability of Certified Public Accountants, Such as the misrepresentation; negligence; damages; and causation (causal link between the defendant's negligence; and the exemptions of liability based on the foregoing. The chapter tries to analyses through summarizing relevant preferences.The last chapter suggested that the best relief is through class action. From the legal system, government supervisor and strengthen management, the industry of Certified Public Accountants , accounting firms strengthen quality control and Certified Public Accountants improve the professional standards of professional ethics of the five proposed specific measures guard against civil liability.