CPA’s Audit Responsibilities Research

With economic development, competition among enterprisesincreased year by year. In order to meet their needs in terms of financing,financial fraud cases showed a gradual upward trend. Appealed to thecommunity to actively play their CPA audit functions, improve the socialstatus of the CPA, while responsibility for their commitment to thecommunity is also growing, even inappropriate Responsibility. Thisarticle from the CPA responsibility concept and content starting toexplore the root causes of the problem. The full text is divided into fiveparts: First, the CPA audit responsibilities content and classification beoutlined, the audit responsibilities are divided into audit and auditprofessional responsibility to analyze the legal responsibility of two parts.Given the differences between the countries in the CPA profession currentguidelines prescribed a simple comparison of the two countries in thisregard provisions. Second, delve into the theory of CPA leadresponsibility and practical reasons. Theoretically, the CPA professionproduce thanks separation of ownership and management, along with thedevelopment of the CPA profession and continue to improve, theirresponsibilities are expanding. Specific reasons from the CPA, analyzedthe audited entity, CPA firms and other aspects of multiple perspectives.First, the CPA itself may be because of breach of contract, tort and otheraspects of being accountable, which is the reason for its own existence.Secondly, is the existence of fraud led to the audit report useraccountability CPA audit unit, because it always considers the auditedstatements must be reliable, are not concerned about corrupt conduct andaudit of the audited entity’s own inherent limitations. In addition, the CPAfirm as a corporate presence, is bound to expand on the economicinterests of the chase, which led to its possible because of the economicbenefits of being guilt. Third, discusses Auditing Standards andregulations currently legal responsibility for the CPA, it is mainly theresponsibility of registering the customer’s responsibility, theresponsibility of the third party accountant occupation, responsibility for peers discuss three aspects. Its legal liability from the administrative law,civil law, criminal law start on three angles. Fourth, given the specialnature of the CPA profession, their responsibilities are mostly liability,registered in this section constitutes the tort liability of accountants startanalyzing several necessary conditions for its infringement liability. Fifth,the analysis of defense CPA for infringement of a third person. Finally, toreduce the liability of CPA several recommendations from the CPAprofession training, measures taken by the registered public accountingfirm, law perfect start on their own perspectives.