Auditors Professional Responsibilities And Legal Liability With Regard To Private Auditors In Ethiopia

This study was conducted on the Ethiopian private auditor’s professionalrnresponsibilities and legal liability, in comparison with those developedrncountries auditing principles and standards.rnThe paper tested thernresponsibilities of the management and the auditors with regard tornpreparation of the financial statements and subsequent discovery tornmisstatements to the audited financial statements in Ethiopia.rnThernpaper qualitatively estimated to what extent private auditors exerciserntheir professional and legal responsibilities.rnThe paper also tested thernlegal consequences on auditors as a result of those violated professionalrnand legal responsibilities. Besides it tested that to which auditors arernliable for the violation of contractual and statutory responsibilities.rnFurther the study tried to explore the constraints related to privaternauditors in exercising their responsibilities.rnFinally, not the least thernpaper explored some cases related to Ethiopia private auditors' practices

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