Auditors Professional Responsibilities and Legal Liability with Regard to Private Auditors in Ethiopia
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Date
2007-07
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Addis Ababa University
Abstract
This study was conducted on the Ethiopian private auditor’s professional
responsibilities and legal liability, in comparison with those developed
countries auditing principles and standards.
The paper tested the
responsibilities of the management and the auditors with regard to
preparation of the financial statements and subsequent discovery to
misstatements to the audited financial statements in Ethiopia.
The
paper qualitatively estimated to what extent private auditors exercise
their professional and legal responsibilities.
The paper also tested the
legal consequences on auditors as a result of those violated professional
and legal responsibilities. Besides it tested that to which auditors are
liable for the violation of contractual and statutory responsibilities.
Further the study tried to explore the constraints related to private
auditors in exercising their responsibilities.
Finally, not the least the
paper explored some cases related to Ethiopia private auditors' practices
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Keywords
Fulfillment of M.Sc, Regard to Private, Auditors Professional