The Study Of Forensic Accounting Litigation Support In China

Forensic accounting is a specific subject which is a blend of accounting, auditing law, science of evidence, reconnaissance and crime in order to solve the problem of the relevant laws which use accounting and law knowledge and audit methods and survey technology, throughing investigation to obtain information about the financial evidence so that it can accept display or representation in court. Forensic accounting has two functions:accounting litigation support and Investigation of accounting. Forensic accounting litigation support is the core business of forensic accounting Litigation support business mainly related to the proceedings which forensic accountant provide financial specialized services in it. Calculating the economic losses and providing expert witness service both belong to the most traditional forensic accounting litigation support business.With the emergence of modern enterprise system, the development of the capital market and the rise of large enterprises, Corporate fraud problem is increasingly seriously. Problem of legal liability in the capital markets increasingly prominent and the legal liability problem in the capital markets in growing prominent. Each economic subject interests intertwined with each other, more and more disputes involving accounting specifically, The demand for forensic accounting is more and more intense.Firstly, this paper starting from the basic summariz of forensic accounting litigation support, introduced the concept of legal accounting and forensic accounting litigation support, combined with the concept of forensic accounting litigation support analyzing main body, object and scope of business. Through analysing all kinds of people who has the qualifications of forensic accounting litigation support, we explore out the most appropriate subject to forensic accounting litigation support. From the perspective of forensic accounting litigation support, it dissecttheroles of forensic accounting litigation support. The role of litigation support here in is conducive to economic losses of measuring, the evidence collected, rulings of justice, the success of the court mediation. The following basic tells the story of forensic accounting litigation support application and theoretical basis.Secondly, we analyze the present situation and existing problems of forensic accounting litigation support in our country. Stating the history of the forensic accounting litigation support in China, and simply statistic our country forensic accounting litigation support using. It about economic lawsuit type and the way of the settlement and China’s top100certified public accountants in forensic accounting business. Next dissecting the problem of forensic accounting litigation support in our country and analyzes the reason of problems. Problem of forensic accounting litigation support used in our country mainly include:The forensic accounting litigation support entrust consciousness is weak; Forensic accounting responsibility is not clear in the lawsuit; Forensic accounting litigation support expert opinion to prove the force not guaranteed; Forensic accounting litigation support high quality professionals is lacking. The cause of the problems are mainly:Forensic accounting litigation support of social recognition is not high; Forensic accounting department lack of independence; Perfect system of expert witness is lacking; A sound legal accounting litigation support professional organization is lacking.Furthermore, some foreign countries own developed forensic accounting litigation support. For instance, American forensic accounting litigation support includes following advantages:Expending the cognition degree of forensic accounting litigation support which is mainly reflected in a series services which involve the academic research of forensic accounting, legal and accounting higher education, forensic accountants, legal and accounting services and so on. Establishing a professional expert witness system, including the qualification of the expert witness, The selection of the expert witness, The duty of Expert witness, The responsibility of the expert witness. Establishing a number of forensic accounting professional organization. Such as ABFA, NAEA, FASBA, ACFE. All of above advantages could be a good reference to Chinese forensic accounting litigation support.Finally, through the above analysis of forensic accounting litigation support we put forward some Suggestions on promoting China’s forensic accounting litigation support use:First, improving the legal awareness of accounting litigation support; Second, strengthening the function of forensic accounting litigation support; Third, establishing perfect system of expert witness; Fourth, setting up regular professional organization of forensic accounting litigation support.This paper attempts to summarize main problems of forensic accounting litigation support at this stage in our country, analyzes the reasons of the existence of these problems, and puts forward the corresponding countermeasures. However, due to personal ability is limited, this article are leaky place inevitably. With the deepening of the forensic accounting theory and practice research, our country related system of forensic accounting litigation support and practical business will inevitably have greatly improved.