Cpa Audit Failure Of The Legal Regulation

The audit failure of CPA is a permanent topic; it is old as well as new. Speaking to the old sense, the audit failure appeared just following the audit of CPA; while speaking to the new sense, the audit failure of CPA has been attracting more and more attention with the development of the stock market.The audit failure of CPA in this paper is based on stock market. That means when the CPA audits a listed company, he disobeys regulations completely or partly, and then gives a report with false opinions.The factors, which cause the audit failure of CPA, are complicated. Fundamentally, the audit failure is the result of lacking of credit In our country, the main factors are as followings: the legal standards, the arrangement of responsibility, the enforcement of stock market, etc.As well as we know, the audit failure of CPA will bring the false statement of stock market directly. At present, the problem of audit failure of CPA is so serious that we should take some steps to bring it under control.In this paper, I use economic theories of the demand-supplies and the cost-income comprehensively, combining with the game theory to analyze the problem. From actual situation of our country, also with some experiences of other countries, I try to give some advice on how to perfect the regulations about the audit failure of CPA, pursuing to do some help for ordering the activities of CPA audit and preventing the failure of that. I hope the information system of China's stock market can be perfected, and the development of the market can be promoted.This paper is divided into five parts:Part one is the brief introduction of the emergence of CPA, the forming of CPA audit and the development of audit in our country.Part two is the detailed analysis of the audit failure of CPA in our country, including the concept of audit failure of CPA, the general progress of its appearance, the factors which cause the audit failure of CPA, and the actuality of audit failure of CPA in our country.Part three is the introduction of relevant legal regulation system about audit of CPA in our country.Part four introduces the audit of CPA in U.K and U.S., and the successful experiences of their stock markets.Part five mainly gives some advice on how to perfect the regulations of the audit failure of CPA, aiming at doing some help to protect the investors' rights as well as the development of CPA audit...