Research On CPA's Legal Liability

Legal liability of CPAs has been a topic arising general interests in the professional. Especially from 2003, with the issuing of the legal explanation on stock civil case, lots of small and middle shareholds have legal foundation on civil compensation to the false statement of the listed companies. CPAs maybe become the defendants because of their professional responsibilities on information disclosure in stock market. Beginning with explanning the definition of CPA's legal liability, in this article, I will firstly give my opinion on some law principles on CPA's legal liability, such as the nature and responsibility-belonged principle and so on. Next, I will discuss the administration liability, civil liability and criminal liability the CPA maybe beared. In my discussion, I put my emphasis on the civil liability in the CPA's legal business including examining capital and auditing in stock market. Finally, I will point out some unsettled legal questions on destigating CPA's legal liability and give my suggestions on desolving these questions .