The Research On The Legal Liability Of CPA In China

With rapid economic development, a certified public accountant in the socio-economic development is playing an increasingly important role in improving the social status accordingly, its commitment to social responsibility is also growing. However, since the 1960s, the worldwide legal proceedings against CPA's growing, there has been the so-called "litigation explosion", a certified public accountant has become a liability registered professional accountants in the whole society and the issues of greatest concern.In China, although the CPA whole development process is also very short, but after 20 years of development, a certified public accountant in the socialist market economy playing an increasingly important role indispensable, CPA's legal responsibility constantly increased, a number of major listed companies in a false case of the capital market so that the public had a crisis of confidence, CPAs, due to its special characteristics are difficult to practice their Jiu speech, the public spearhead the company directly at the audit of the financial statements of Registered Accountants , registered accountants should bear the legal responsibility for the media and the public is increasingly becoming the focus of attention.Registered Accountants legal circles on the legal responsibility of the majority to increase its liability, the accounting profession on the legal responsibility of Registered Accountants focus is how to reduce the risk of litigation on all fronts to circumvent existing laws and regulations, and the intent of this paper from China's existing norms registration accountants start with the laws and regulations, in-depth research scholars, and the accounting profession's main different perspectives, make recommendations and views.In this paper, the CPA background proceed on the domestic and international legal obligations of Registered Accountants course of the development, and highlighted China's CPA legal responsibility at different stages of development, China's CPA legal liability arising from factors have been analyzed and then from criminal liability, administrative liability, civil liability on the country's three existing norms CPA's laws and regulations, and conducted related legal research and the third part of the focus of this paper is divided into Part IV of China's CPA laws responsibilities of the main problems with the dispute, as well as an in-depth study of issues related to the settlement proposal.The focus is the full text of the academic community and the law against the accounting profession in some different points of view on the issue, and proposed the establishment of the audit identification system and how to improve the status of an independent audit guidelines, the clarity of the relevant legal provisions proposed that the registration of the accounting profession to make the economic development better promote the role is not to increase its liability, but should be the characteristics of their career to clarify their responsibilities. This article referred to a certified public accountant liability as a whole registered accountants liability, no breakdown on individual registered accountants and accounting firms, and this is mainly from the CPA's traditional business - audit business to study registered accountants liability.