The Reflection Into The Auditing Responsibilities Of CPA In China In The Case Of Wanfu Biotechnology

With the development of modern economy and society,the supervision of the CPA has become more and more important to the listing Corporation.The audit report issued by the certified public accountant is the essential dependence of the investors.The reason is that the CPA audit in the purification of accounting information and guide the rational distribution of social and economic resources,and so on.However,since the formation of the audit market,China and the western countries have a lot of shocking audit failure cases,the failure of these cases to the contemporary social economy has a great destructive force.The reason of such cases occurred repeatedly,is because it is in today's society of certified public accountants audit responsibility definition is too small that punishment not heavy,coupled with the temptation of economic benefits of CPA business,naturally it is easy to impel CPA and the audited units collusion,false audit reports issued,resulting in the company's investors,executives,creditors suffer losses because of the false audit report.In recent years,frequent occurrence of audit failure cases so that all sectors of society to the integrity of CPA produced serious doubts,and even registered accountant industry authority gradually lost,the public lost due to the faith,if left uncorrected,the CPA profession as can not get effective play,the audit results are not up to expectations,it will for the survival and development of CPA profession produce adverse effects.Although our country of CPA auditing responsibility definition is too light and small,however,registered accountant's audit responsibility definition is not appropriate,otherwise they will be due to excessive risk in practice.As a result,many CPA not engaged in this industry.This will also restrict the development of China's audit industry.So,how to define the responsibility of CPA audit has become an urgent problemAt the beginning of this paper,it introduced the background and significance of the,in domestic and foreign research literature about the views of the experts at home and abroad the definition of audit responsibility and audit responsibility,and the view of system analysis and synthesis,an overview of the concept and theoretical basis of CPA's responsibility,from the angle of enterprise management accounting responsibility,this paper distinguishes the audit responsibility and accounting responsibility differences and the dialectical relationship between the two.Then it provides an overview of the certified public accountant(CPA)is defined in terms of the basis is separation of two rights and accountability and audit of certified publicaccountants to assume the form are professional responsibility and legal responsibility,and CPA fails to perform the audit responsibility for causing the consequence analysis.Again to " Wanfu biotechnology " as a case,the audit institutions Zhonglei CPA audit responsibility in the listed audit and audit the annual reports of the lack of leads China's certified public accountants audit responsibility in law and regulation,accounting firm itself and registered accountants themselves exist the problem of audit failure,in this paper,the problems for the proposed some suggestions of improvement,hoping to China to establish perfect CPA liability system help.