Supreme People's Court, Several Provisions on the Trial of Cases Involving Civil Tort Compensation in Connection with Audit Activities by Accounting Firms
最高人民法院关于审理涉及会计师事务所在审计业务活动中民事侵权赔偿案件的若干规定
Accounting firms face stringent tort liability when conducting audits.
<规定>明确界定”不实报告”和” 利害关系人”, 并规定会计师事务所在审计活动中发生民事侵权赔偿案适用过错推定原则和举证责任倒置分配模式，防止会计师事务所在证券民事赔偿案中逃避法律制裁, 增强投资者信心。
Date:
July 2007
CLP Reference: 3120/07.06.11
PRC Reference: 法释 [2007] 12号
Promulgated: 11 June 2007
Effective: 15 June 2007
Keywords (click to search): [financial statement fraud] [financial report fraud] [accountants' duty of care] [accountants' tortious liability] [auditors' duty of care] [auditors' tortious liability] [accountant firms' tortious liability] [auditor's report]
Accounting firms face stringent tort liability when conducting audits.
Promulgated: June 11 2007
Effective: June 15 2007
Main Contents: If a certified public accountant is characterized by any of the circumstances set forth below in the course of audit activities and issues an untruthful report, thereby causing a materially interested party to incur a...
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