Development Of Certified Public Accountans Professional Liability Insurance

With the continuous transformation of China's economy and the improvement of the economic structure,the service industry has become the industry with the highest proportion of GDP in China.As a member of the high-end industry in the service industry,the CPA industry also maintained its momentum of rapid development.The CPA industry plays an important role in promoting the audit work,building a capital market in service,deepening trade in services and strengthening the system of enterprise information disclosure.It has contributed an important part to stabilizing the financial order and serving the economic and social development.However,the risk is objective.and widespread.As the CPA industry is developing rapidly,its huge risk of occupational liability is more and more worthy of our attention.The development of CPA industry at home and abroad past and present situation,audit failure cases abound.The case of auditing failures such as the Enron Incident in the United States,the Parramatta Incident in Italy,the China Silver Kwang Xia and the Tonghai Transtech Services incident seriously affected the credibility of the CPA industry and the prevention and control of audit risk became an issue urgently needed to be solved in the CPA industry Question.The Ruihua audit firm as the largest domestic CPA industry,in recent years repeatedly punished,making the community had to pay attention to the development prospects of the domestic CPA industry.How to use CPA's professional liability insurance to escort the CPA industry,to enhance the credibility of the industry to make it better service Economic and social progress is the insurance industry and the CPA industry need to be considered.Compared with developed countries,China's liability insurance industry is not yet mature enough,there is still room for further development.Especially our country's CPA professional liability insurance,only a short period of more than ten years of development history,can not fully meet the needs of the development of CPA industry.Therefore,how to develop and perfect our country's CPA professional liability insurance system deserves our exploration.Based on the existing literature and relevant research materials,I hope that through careful study and analysis,combined with the development of CPA industry and CPA professional liability insurance in our country,I hope to learn from the successful experience of developed countries and regions for our CPA profession liability insurance industry Insufficient to put forward some sound policies and suggestions.The main contents of this paper include five parts:The first part is the introduction,introduces the background,meaning and purpose of the thesis topics,research methods and so on.The second part is the theoretical basis of analysis,combined with the audit risk management theory,the theory of liability insurance social management function analysis of the need to develop and improve our country's CPA professional liability insurance.The third part mainly introduces the status quo and future trends of China's CPA industry,the practice and problems of CPA professional liability insurance in China(civil law system is not perfect,accounting firms and certified public accountants insured less motivated,insurance products Design flaws,insurers underwriting motivation).The fourth part introduces the relevant experience of CPA professional liability insurance in Britain,the United States and Hong Kong,China,and draws some useful enlightenments.Based on the first four parts of the study,combined with the status quo of professional liability insurance in China's CPA profession and CPA,the fifth part has the choice of drawing lessons from the relevant experience of developed countries and regions,put forward the feasibility of developing CPA liability insurance policy with advice.