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Certified Public Accountant Liability Discussed

Posted on:2003-09-03Degree:MasterType:Thesis
Country:ChinaCandidate:J FanFull Text:PDF
GTID:2206360062490152Subject:Accounting
Abstract/Summary:PDF Full Text Request
Accompanying the deepening reform of economic system and the establishment of socialist market economy in our country, CPA audit will play a more and more important role in the economic construction. Without economic information, especially financial information, economic development would be very hard. The investors, the operators, the government sectors, and those who related to enterprises in benefit would be concerned with operating and financial condition. Accounting and financial reports of enterprises have become an information window to the outside world. CPA firms must attest financial and accounting information that provided by the enterprises. However, in recent years, due to the list firms' fraud accounting reports CPA industry has sunk into a lot of lawsuits, and its authority also was suspected by the society. More and more media and society paid close attention to CPA's legal liability. This paper discuss several problems about CPA's legal liability as follows: the discussion of CPA's legal liability in the west and China, the discussion of the causes and countermeasures of CPA's legal liability, the discussion of CPA's legal liability about fraud auditing report, the forecast of CPA's legal liability in China.
Keywords/Search Tags:CPA, legal liability, social expectation, fraud auditing report, due professional care, auditing standard
PDF Full Text Request
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