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Study On The Correlation Between The System Of Accountant’s Civil Liability And Their Auditing Quality

Posted on:2016-02-29Degree:MasterType:Thesis
Country:ChinaCandidate:Y YangFull Text:PDF
GTID:2296330467496767Subject:audit
Abstract/Summary:PDF Full Text Request
The reform and development in economic system serves as a momentum in the growth of emerging industries, and one of them is the industry of chartered public accountant. It has exerted far-reaching influence on economic development and it assumes important social responsibilities. Over the past few decades, some accounting firms as a result of illegal operations have received penalties to stop business for a while. Some even end up in nowhere. The underlying causes rest upon the repeated fraud in some listed companies. The accountants are taking the liabilities in that their auditing quality could not meet the standard, and some of them even get penalized. Subsequently, it is of urgent need to improve the auditing quality in order to get back the public trust. Against this backdrop, it is of great significance to go deep into the research of auditing quality.First, from the perspective of the civil liability of chartered public accountant, this thesis reviews literature on influencing factors in auditing quality and the relation between auditing quality and civil legal liability system. This provides a theoretical basis for the current situation and its causes in the auditing quality of chartered public accountants.What follows is a case study on the accounting fraud of Yunnan Greenland Biological Technology Corporation, a case the first defendant of which is a listed auditing corporation. The thesis studies this case on the basis of the problems in auditing quality and sentences of civil liability, which could pave the way for the analysis of current auditing quality and problems found in civil legal liability system.Thus, this paper proposes that the auditing quality could be improved in the following ways:the improvement the Law of CPA could help ensures the rights of accountants; the accounting industry is in need of independence; for accountants it is also important to better the occupation risk funding system, liability insurance system as well as other related systems.
Keywords/Search Tags:Certified Public Accountant, Civil Liability, Auditing Quality
PDF Full Text Request
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