Research On The Legal Liability Of Certified Public Accountants In China

The legal liability of Certified Public Accountants has always been the concern of the legal profession and the accounting profession,as the "economic police" in the securities market,CPA have a vital role in the healthy development of the economy.In recent years,either in the western developed countries or in our country,the fraud cases have a great impact on the securities market,CPA legal liability is the focus in the circles of theory and practice.This paper takes China Securities Regulatory Commission administrative penalty as the research sample,through multiple dimension statistical analysis of characteristics of the decision of administrative punishment,and sums up the common problems,and puts forward suggestions on improving the main parties.This paper is divided into three parts:The first part introduces the basic theory of the legal liability of CPA audit,firstly clarifying its definition,classification and Constitutive requirements,and then explainingthe analysis of the conflict between the legal profession and the accounting profession,to comprehensively and clearly grasp the industry standard.Finally,this paper analyzes the causes of the legal responsibility of the audit,which lays the theoretical foundation for the empirical analysis.The second part introduces the status quo of CPA audit legal liability,briefly analyzing the macro environment and the legal status of civil and criminal liability,and then focus on the analysis of administrative responsibility.This paper takes China Securities Regulatory Commission administrative penalty for CPAfrom 2001 to 2016 as the research sample,through statistical analysis of multiple perspectives,annual number of penalty time,deferred punishment causes and punishment,the penalty decision relates to the report project types,summarizing characteristics and problems.The third part puts forward the countermeasures to deal with the CPA legal liability issues,put forward some improvement suggestions from the point of view of regulators,accounting firms,CPA,and legal system,to maintain the market economic order and protect public interests.