Accountants' Civil Liability for Misrepresentation in Initial Public Offerings

Commercial Law Review (Shangshifa Lunji ), Vol. 11, pp. 165-181, 2006

12 Pages Posted: 24 Jul 2008

See all articles by (Robin) Hui Huang

(Robin) Hui Huang

Chinese University of Hong Kong - Faculty of Law; 华东政法大学(East China University of Political Sicence and Law); University of New South Wales - Faculty of Law

Date Written: July 24, 2008

Abstract

This article is focused on civil liability of accountants for misrepresentation in the course of securities issuance. It is widely accepted that accountants play a pivotal role in verifying and preparing registration statements. In order to effectively enforce the information disclosure regime and thus protect investors, it is necessary to introduce civil liability for misbehaving accountants. Some important issues about the elements of accountant civil liability are discussed in detail, with a view to filling the relevant gaps currently existing in China's securities legal framework.

[This paper is written in Chinese and published in China]

Keywords: Securities issuance, Misrepresentation, Accountants, Civil liability

JEL Classification: K22, K33

Suggested Citation

Huang, (Robin) Hui, Accountants' Civil Liability for Misrepresentation in Initial Public Offerings (July 24, 2008). Commercial Law Review (Shangshifa Lunji ), Vol. 11, pp. 165-181, 2006 , Available at SSRN: https://ssrn.com/abstract=1173524

(Robin) Hui Huang (Contact Author)

Chinese University of Hong Kong - Faculty of Law ( email )

Shatin, New Territories
Hong Kong
852-39431805 (Phone)
852-29942505 (Fax)

HOME PAGE: http://www.law.cuhk.edu.hk/people/huang-hui-robin.php

华东政法大学(East China University of Political Sicence and Law) ( email )

1575 Wanhangdu Rd.
Changning, Shanghai 200042
China

University of New South Wales - Faculty of Law ( email )

Sydney, New South Wales 2052
Australia
61-2-9385 9649 (Phone)
61-2-9385 1175 (Fax)

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