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The Expert Responsibility Of Certified Public Accountants

Posted on:2007-11-05Degree:MasterType:Thesis
Country:ChinaCandidate:F WangFull Text:PDF
GTID:2206360185972565Subject:Law
Abstract/Summary:PDF Full Text Request
With the development of science and knowledge, the experts, such as lawyers and CPAs (Certified Public Accountant) became the backstrokes of modem market's management. But, now in our country, the legislation of professional liability cannot keep up steps with the social needs. The followed is there are many problems and difficulties in the professional liability lawsuits, such as how to calculate the compensation account. The need to accelerate the process of legislation of professional liability is put on the top of legislation process. For such reasons, I chose this subject, professional liability, as my graduate study subject.In the part one of this paper, the reader can get the clear concept of experts. And also the author make a clear concept that only the civil liability caused by the experts' negligence can be thought as the professional liability, other liabilities couldn't be thought so. Author also thinks the professional liability is a kind of tort liability, not contract liability. Who, the third party, has the rights to make the tort lawsuit, this paper still uses the standard, which is setup by Supreme Court of our country that only the securities buyers have such a rights.In the second part of this paper, author compares the legislation of professional liability in England, United States of American and Germen. The reader can get the detail information of these countries legislation processes from these famous and important cases. Why choose these countries as the study objects? The reason is they have a developed securities marked and good law mechanism.In the third parts of this paper, firstly states the factors of professional liability, including misstatement, negligence, causation and loses. The following is the proof burden principle which the experts should burden the proof burden in a professional liability lawsuit. And also introduces the General Accepted Auditing Principle how to play a role in a professional liability lawsuit.In the forth parts of this paper, author thinks that the experts firms should...
Keywords/Search Tags:Certified Public Account, Negligence, Professional liability
PDF Full Text Request
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