This paper aims to review CPAs’ responsibilities for fraud detection and reporting. It will first explore, through literature analysis and review of the Taiwan regulation, the accounting professions’ changing stand toward CPAs’ responsibilities to detect and report fraud. In addition, The Taiwan’s existing laws and profession promulgations on CPAs’ fraud-related responsibilities will be examined and discussed. Finally, through examining the US Sarbanes-Oxley Act of 2002, the impact on Taiwan CPAs’ duties in fraud detection and Taiwan government responses to such duties by expectations gap will be examined.
Global Conference on Business and Finance Proceedings 5(1), pp.465-475