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2004•Unpublished venueRequires access

Legal Liability Risk for Registered Accountants and its Prevention in China

Dou Yu-hua

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Abstract

The risk of legal liability for registered accountants in China relates to market surroundings, profession custom and quality of accountants. The increasing needs of legal liability on registered accountants may be caused by several factors such as high expectancy from all society stratums, their lack of law knowledge and ignorance of their legal liability. A qualified registered accountant is required to have a better understanding of the risk of his legal liability and its preventionin.

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What this paper is about

The risk of legal liability for registered accountants in China relates to market surroundings, profession custom and quality of accountants. The increasing needs of legal liability on registered accountants may be caused by several factors such as high expectancy from all society stratums, their lack of law knowledge and ignorance of their legal liability. A qualified registered accountant is required to have a better understanding of the risk of his legal liability and its preventionin.

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Available abstract

The risk of legal liability for registered accountants in China relates to market surroundings, profession custom and quality of accountants. The increasing needs of legal liability on registered accountants may be caused by several factors such as high expectancy from all society stratums, their lack of law knowledge and ignorance of their legal liability. A qualified registered accountant is required to have a better understanding of the risk of his legal liability and its preventionin.

Key concepts: Liability, Ignorance, Business, Legal liability, China, Legal risk, Law, Accounting

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