Discussing The Influence Of CPAs' Legal Liability Risk To Audit Quality

The stock market is the "source of power" to promote the modern market economy. The independent audit, which carried on by CPAs, to the disclosed information of listed companies helps enhance the information's credibility. It's also helpful to the investors, the creditors as well as other benefit counterparts to make the correct economical decisions. If there are no CPAs to give the independent certificated information, the capital market's effective revolution will come under the serious influence. So, providing audit service of high quality is the basis of the CPA profession's existence and development.After more than twenty years practice, our CPA profession have made a rapid development. But at the same time, it also emerges a series of serious problems. The legal liability's attenuation and the greatly illegal benefit cause some people take risks unceasingly, make more and more malignant financial cases. Low audit quality of CPA not only damages its social image, leads to the honesty crisis, but also prevents the audit function from being realized, disturbs the order of social economic. So, it is very urgent to make a research on the CPAs' audit quality and their legal liability risk.In view of this, this article bases on the domestic and foreign newest research results, take modern accounting, auditing theory and the correlative economic theory and the game theory as the instruction, applies mainly standard method, unifies the correlative statistical data and graph, centers on the correlative theory, current situation and harm, realistic reasons and countermeasures, discusses on the relationship between CPA's audit quality and their legal liability risk.The first part: Introduction. This part introduces the practical significance of researching the influence of CPAs' legal liability risk to audit quality. And introduces domestic and foreign related research literature and the newest research results. Finally, this article simply introduces the though and approach of the research and the structure of the thesis.The second part: Related Outline of CPA's Legal Liability Risk and Audit Quality. This part firstly introduces the concept and composition factors of the legal liability risk and the audit responsibility, then from seven aspects, such as existence of the audit expectation difference, multiplication of accounting goals, increase of audit's economical consequence, multianalysises the causes of CPAs' legal liability risk. Then this part mainly introduces the related concept of audit quality. At the same time,...