The Research Of Independent Audit Of CPA Professional Liability Insurance

In the 20th century, late 90s, frequently been the outbreak of the audit failures is exclaimed "litigation crisis." Audit risk that term is being valued by the people, how to prevent accounting firms audit risk effectively, to limit the damage, CPA profession has become a topic of concern. From the perspective of audit risk, through the analysis of the CPA professional liability insurance development status of professional liability insurance leads to the necessity and feasibility, and analysis of the CPA professional liability insurance, civil liability and composition of responsibility principle elements. According to the development of developed countries, analyzed the China's CPA professional liability insurance problems, and learn the advanced experience of foreign countries, by improving the CPA professional liability insurance-related measures.This study mainly uses the standard method of research methods, interspersed with the use of the literature analysis, case studies, comparative analysis method. Innovation of this paper are:(1) stressed that the risk from the perspective of the audit, independent audit of the audit raises the risk of loss caused to the accounting firms, accounting firms and then called for an active certified public accountant professional liability insurance coverage. (2) improve the CPA professional liability insurance, countermeasures, evaluation committee proposed the establishment of the idea of professional responsibility, a detailed analysis of the composition and duties of the Committee where, focusing on the identification of forensic accounting of the role of the Commission's authority.At present our implementation of CPA professional liability insurance a shorter time, the insurance industry and the legal profession is not perfect on specific provisions, coupled with low awareness of insurance accounting firms, leading CPA professional liability insurance in China has been in a recession. Therefore, I hope through the CPA professional liability insurance research, more people understand this insurance, and called for more coverage of the insurance accounting firm. CPA professional liability insurance coverage may prevent the plaintiff from the root of "winning the lawsuit can not get money," the embarrassing situation, accounting firms can spread risk and protect the community audit of the legitimate rights and interests. Given my limited knowledge of this research still inadequate, I hope the insurance sector stakeholders and the legal profession, but also actively involved in research on professional liability insurance, further improve our CPA professional liability insurance, and strengthening our CPA profession, and promote economic development in china.