Given that the Colombian State has assigned specific responsibilities to public accountants and especially to statutory auditors, it implies that their work is subject to various risk situations and requires that the same thoroughly know the legislation and regulations governing their legal profession and other aspects related to their professional practice. The main purpose of this article is to analyze the scope and consequences of the CPA signing tax returns, taking a sample of statutory auditors of the corporations in the city of Santiago de Cali in operation up to the year 2011. To achieve this goal, a survey was conducted of 46 statutory auditors of corporations based in the city of Santiago de Cali, using for this purpose the inductive-deductive method. The research resulted in a high percentage of respondents who lack clarity on the scope of the CPA signing the tax returns, given that they were not able to specify this task; they do not identify the types of offenses and penalties attributable to them or the risks and liabilities of a contractual, disciplinary, and criminal nature assumed by the same.