Research On The CPA Professional Liability Insurance System’s Problems

In recent years, due to the number of companies went bankrupt financial fraud or mismanagement, on the one hand, investors and stakeholders will face huge loss; For the enterprise, on the other hand, because audit reports issued by certified public accountants often failed to find or to reveal these problems was charged, some will be required to compensate for the losses. Whether it’s because of the high demand for the whole society of certified public accountant’s industry, or because the frequency of such events occurred more and more high,seen in the world within the scope of the judicial practice, industry bear the legal liability of certified public accountants is received more attention gradually. At the same time, our country is to promote conversion of certified public accountants from the limited liability partnership,also means that when facing civil lawsuits for certified public accountants from limited to unlimited liability, practicing risk further strengthened.To deal with these problems, professional liability insurance system for certified public accountants to become certified public accountants to respond effectively to the civil liability risk. In order to promote the development of certified public accountants professional liability insurance in our country, the people’s insurance company of China since 1999, making the"certified public accountant professional liability insurance clause" to become effective as of July 1, 2015 of the "interim measures for certified public accountants professional liability insurance", the implementation of CPA professional liability insurance system in China from scratch, but there are still many problems, development pace is always slow.Certified public accountant professional liability insurance in our country exist in the development of insurance, the insured enthusiasm is not high, uneven regional development,old insurance products, excessive gap with developed countries on the issue. To solve these problems, an accounting firm, legal norms, and there are some insurance company three aspects.In draw lessons from the developed countries and regions registered accountants after the mature experience of professional liability insurance system, from the gradual transition to a mandatory professional liability insurance, the organic combination of professional liability insurance and occupational risk fund, continue to improve and perfect the civil law system,appropriate to expand coverage, the construction of a multi-level system way of underwriting insurance plans and choose accident aspects such as perfect the system of certified public accountants professional liability insurance in our country.