In order to avoid legal liability, certified public accountants must minimize their mistakes and prevent fraud when performing audit business. In order to avoid mistakes and prevent fraud as much as possible, certified public accountants should meet the following basic requirements: ① Strengthen the independence of practice. We know that independence is the life of CPA audit. ② Maintain professional caution. Among all the audit mistakes of certified public accountants, the most important one is the lack of serious and cautious professional attitude. ③ Strengthen the supervision of practice. Many mistakes in the audit are due to the negligence of certified public accountants or their failure to effectively supervise assistants or other personnel.

2. Eliminate the "audit expectation gap"

Eliminating the "audit expectation gap" requires the joint efforts of all sectors of society. Because the "audit expectation gap" is an important reason for accounting firms to face legal proceedings and bear legal responsibilities. In the "audit expectation gap", part of it is the gap between the actual practice and professional standards caused by the certified public accountants themselves, which should be eliminated through the efforts of the firms and certified public accountants; The "audit expectation gap" is partly caused by the public's high requirements for audit work. Based on their own interests, or because they don't know much about audit work, their requirements for social audit work have reached a nearly perfect level, but it is actually impossible to achieve. This part of the "difference" can only be realized by popularizing audit professional knowledge to the public and letting them have a correct understanding of the audit profession. This requires great assistance from the state, the auditing community and the mass media.

3. Improve professional quality, enhance professional skills and strengthen risk awareness.

Certified public accountants should improve their professional quality, enhance their professional skills, strengthen their risk awareness and strictly implement auditing standards. In the process of auditing, certified public accountants should always think that they are slightly negligent or unfair in their work, and they may bear legal responsibility for it in the future. Therefore, we must carry out audit business in strict accordance with auditing standards, cultivate good professional ethics, handle every step and specific business in the audit process cautiously, seriously and cautiously, and maintain due professional caution. If Zhongtian Qin's certified public accountants can work in strict accordance with the auditing standards when auditing the bank, I believe they will not fall into today's situation; In the Hong Kong Hongliang International Incident, KPMG immediately revealed its existing problems, which not only safeguarded the interests of its shareholders, but also safeguarded its reputation and interests as its firm.

4. Accounting firms should improve their own relevant systems.

To improve itself, accounting firms should first establish and improve the risk guarantee system, withdraw risk funds or buy liability insurance to improve their risk tolerance. For example, the notice issued by the National People's Congress on February 9, 20 10, Opinions of China Institute of Certified Public Accountants on Strengthening the Construction of Business Quality Control System of Accounting Firms, mentioned that accounting firms should establish a practice avoidance system and a key audit partner rotation system. For listed companies and other subjects involving public interests, when auditing financial statements, key audit partners such as project partners and project quality control reviewers should be rotated regularly in accordance with the provisions of professional ethics.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.