Browsing by Author "Mesfine Birhanu"

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    Auditors Professional Responsibility and Legal Liabilities with Regard to External Audit Firms in Ethiopia
    (A.A.U, 2024-06-12) Mesfine Birhanu; Takele Fufa
    This Project examines the professional responsibility and legal liabilities of auditors within the context of external audit firms in Ethiopia. The study delves into the intricate Contractual agreement and explores the extent to which these professionals are held accountable for their actions. By analyzing relevant laws, regulations, and professional standards, the research highlights the expectations placed on auditors to uphold integrity, objectivity, and competence. Furthermore, the Project investigates the legal consequences auditors face when failing to meet these standards, Violating Contractual agreement. Through a combination of qualitative and quantitative methods, including case studies and interviews with industry experts, the research provides a comprehensive understanding of the current state of auditors' professional responsibility and legal liabilities in Ethiopia. The findings underscore the need for robust regulatory mechanisms and continuous professional development to enhance auditors' adherence to ethical standards and mitigate legal risks. This study contributes to the broader discourse on audit quality and accountability, offering valuable insights for policymakers, audit firms, and practitioners in the Ethiopian context. Keywords: Professional Responsibility, Legal Liabilities, External Audit Firms, Accountability, Ethical Standards