Role and Liability of the Auditors in the Eu and in China: From Supervision Perspective

False financial statements have been found in audit report recently. How to prevent fraud and protect investors and debtors becomes more important. The key issue is to define the role of auditors in audit service. It shall be analyzed from multiple perspectives. The liability of auditors is another critical issue, which is consecutive part to the first issue. The second issue would be the relief procedure for investors. If this procedure functions well, it could strengthen the effectiveness of the audit regime. This thesis would discuss these issues from comparative perspectives: the EU and China. Since the legal background and economic development are different, the effect of same regime may differ a lot. This is what this thesis tries to reveal.