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Conflict And Balance Between CPA And The Public

Posted on:2008-10-29Degree:MasterType:Thesis
Country:ChinaCandidate:N N KangFull Text:PDF
GTID:2189360215457377Subject:Law
Abstract/Summary:PDF Full Text Request
With the deepening of the construction of socialist market economy, CPA plays an important role in upholding the security of flowing of social capitals. However, in west countries, the cases about accusing CPA accumulated rapidly from the middle of 1960s. And in China shocked by a series cases about misstatement in the past few years, many people began to question the credibility of the CPA. More and more people pay more attentions to the research on CPA legal liability. So how to strengthen CPA's responsibility and protect CPA's legitimate rights becomes a severe problem. Facing the strict environment, the professional lawyers try to balance the CPA's benefit and the third party's benefit. In fact, the definitive principles of CPA's auditing legal liability are the question of how to distribute the risk impartially and rationally in capital marked. This question need give attention to the system value and internal limitation of CPA's professional activities.The thesis try to analyze the CPA's characteristic, reference to international main nations study about CPA legal liability. And focused on the specific issue of the legal liability of CPA. And study how to set up a reasonable auditing responsibility system of our country. In view of this, I choose " Conflict and Balance between CPA and the third party "as my master graduation thesis. This paper consisted of four chapters.The first part of the thesis is the basic part of this text. In this part, at first I analyze the CPA's characteristic. And analysis the peculiar relationship in the auditing.Chapter two introduced the current development of foreign countries in the field of the study on legal liability of CPA. The achievement of American have an advanced securitied market is of great reference importance to us.The main content of the third chapter is a discussion how to balance the CPA's benefit and the third party's benefit. In this part, I described three questions of CPA's professional responsibility. First, I suggest that the standard of the CPA's responsibility should be the general accepted auditing standard. And the second I analyze the reason of the difference between the public and the CPA and in this chapter I suggest the meaning of how to avoid the difference. The third I focused on what constitute misrepresentation, and proposed the review system of false audit reports.Chapter four is the ending chapter of the thesis. Through the analysis I point out the necessity of setting up CPA's compensation system of civil liability with Chinese characteristics. I also made specific analysis about the determination of the scope of the amount of damages and the calculation of compensation. And when the interested third party shall be able to resort, I suggested that the best relief is through class action.
Keywords/Search Tags:Certified Public Accountants, Public, Legal Liability, Auditing Standard, Expectation Gap
PDF Full Text Request
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