Liability. Stock Market Information Disclosure To The Certified Public Accountant,

Certified Public Accountants are functioning as the most important gate-keepers in the process of assuring the quality of information disclosure in the current securities market, in which the information disclosure system has been severely distorted by the flood of misrepresentation. Shocked by a series cases about misstatement, especially the Enron case and the case of "Yinguangxia", most countries around the world began to question the credibility of the Certified Public Accountants. It has become one kind of trend, which the large investor are by charging that the Certified Public Accountant comes to protect self-interest, and Certified Public Accountant legal liability problem also has brought forward new challenges to relevance laws and statutes currently in effect. One important reason of this phenomenon is that the legal liability of Certified Public Accountants in not clear, especially that the civil liability is in default and the liability cost for false audit report is too low. It is important to reconstruct the credibility of the industry of Certified Public Accountants, for both maintaining the order of securities market and protecting the interest of investors.The thesis started from the phenomenon of misrepresentation, fully considered experiences of all concerned parties, and focused on the specific issue of the legal liability of Certified Public Accountants. And brought forward own opinions.The first chapter introduced the current situation of the existence of misrepresentations in the securities market which the relation with Certified Public Accountants. It summarized the general contents and means of the misrepresentation through analyzed the content of the job.Chapter 2 summarized the main reasons of the participation about Certified Public Accountants through "game theory".The third chapter focused on our country accounting information disclosure system of securities market at present. Analyzed legal status and effect in Certified Public Accountants. Chapter 4 focused on the legal liability about Certified Public Accountants. Include: administration liability, criminal liability and civil liability. Emphases is civil liability, I mainly focused on the civil liability of Certified Public Accountants toward the interested third party. It particularly includes: the definition and scope of "the interested third party"; the burden of proof; damages.At the end of the thesis, the writer summarized the conclusion of the paper.