Cpa Audit Responsibility

As one important part of market control, CPA auditing plays an important role for the healthy development and order maintenance of market economics.There happened financial scandals frequently in eastern countries in recently years, for example, Enron failure led to the bankruptcy of Andersen, making Five Big to be the current Four Big. CPAs and accounting firms are more and more involved into various lawsuit cases in China, such as Yin Guang Xia Event made Zhong Tian Qin bankruptcy. People focus their attention on auditing responsibility of CPAs & accounting firms.China entered WTO on Dec 11, 2001. Chinese related industries would gradually open to world accordingly, and the process of internationalization would be accelerated. For the accommodation of this trend, China came on new accounting principle and auditing principle in 2006, and would push in public companies and accounting firms separately in Jan. 1, 2007. China accounting principle and auditing principle are inclined to internationalization gradually, in this circumstance, it would be quite meaningful on how to judge logically and divide scenically CPAs auditing responsibilities which can safeguard healthy development of market economics, protect public benefits, protect legal rights and interests of extended investors, and prompt healthy development of CPA industry.The article discusses the subject of CPAs auditing responsibilities, making a comprehensive search on it from the angles of economics, law, and accountancy.The article is composed of five parts.The first part is an exordium of the article. It concentrates on the background and motive, the domestic and foreign actuality and representatives accordingly, and its significance.The second part is an introduction of CPA auditing responsibility in brief, including the concept responsibility, the contents and category of auditing responsibility.The third part discusses the theoretic basis of CPA auditing responsibility and it analyses internal and external factors of it at the same time.The fourth part analyses Chine current circumstance from laws and regulations, CPA industry, accounting firms and CPA separately.The fifth part mainly brings forward related feasible solutions from laws and regulations, CPA industry, accounting firms and CPA separately aiming at existing questions.