The Research On CPA Legal Liability In The Case Of Tianfeng Energy-saving IPO Fraud

In recent years, China's socialist market economy constitution maturing capital market is also showing diversity and hierarchical pattern. Known as the stock market "economic police" CPA, the entire community an integral part of economic activity. However, in the context of increasingly complex economic environment, the CPA did not curb the occurrence of securities fraud, but intensified. CPA thus because the lawsuits and the amount of audit failures caused by rising CPA's current development situation is not optimistic. So how well they can protect the legitimate rights and interests of the CPA and the majority of investors in strengthening the legal liability of CPA at the same time, we have become an important issue to be solved. In April 2013, known as the "IPO financial verification in the first case" Tianfeng saving, West Side IPO verification first step to get people to look again toward the legal liability of CPA audit quality and audit failures should bear the above.Taking Case for inspiration point, first describes the background and significance of the CPA legal liability. Meanwhile brief review of relevant literature, CPA legal liability issues to sort out. Secondly, combining the theory of tort liability, agency theory and the theory of the audit expectation gap CPA legal liability theoretical analysis. Then Tianfeng saving fraud case a brief introduction, we analyzed and elaborated its illegal fraud and its consequences. Furthermore, the legal liability cases CPAs should undertake to do the analysis and definition, focuses on the study of its existence in the legal liability aspects; and finally, the CPA legal liability for Tianfeng saving IPO fraud case discovered proposed related measures and safeguards. And because of the special nature of the enterprise IPO audit by relevant theory and criticism and inheritance law, recommended that the connotation of CPAs' Civil constituent elements of actual loss adjustment factors to widen and extend, is a research and innovation of this paper.