ABSTRACT

The study investigated on the impact of auditors' risk on his responsibilities. The objectives of the study are; to ascertain audit risk assessment procedure and it limit level, to assess fraud risk and how it could influence the auditor's opinion and to ascertain the company's financial statement and a reduction in the risks of materials is a statement. To achieve the objectives of the study, the survey research design was adopted. The researcher adopted primary data in getting the required information. Intestingthehypotheses, simple regression analysis was used. The findings revealed that the auditor's responsibility has a  significant relationship with audit risk assessment procedures.  The findings also revealed that the auditor's responsibility has a significant relationship with the company's financial statement.The researcher recommends that companies should employ the service of external auditors. The researcher further recommends that companies should ensure that they provide to the auditors enough information that would help auditors in the assessment of the risk and financial statement.

TABLE OF CONTENTS

Titlepage

Pages 

Declaration11

Certification111

Dedication                                                                                                                       lV 

Acknowledgments                                                                                                                v 

List of table's   Vlll 

Abstract                                                                                                                         IX

CHAPTER ONE: INTRODUCTION

1.1        Background to the study                                                                                           I

1.2      Statement of the problem2

1.3      Objectives of the study                                                                                             3

1.4      Research Questions             3

1.5     Research Hypothesis                                                                                                  3

1.6      Significance of the study                                                                                          4

1.7      Scope of the study                                                                                                    5

1.8     Limitation of the study                                                                                             5

1.9     Definition of terms                                                                                                    6

CHAPTER TWO: LITERATURE REVIEW

2.1    conceptual framework                                                                                              8

2.1.1 The responsibility of Auditors

2.1.2 Auditors role for fraud detection

2.1.3 Auditors liability and legal responsibility

2.1.4 Audit risk

2.2   theoretical framework

2.2.1 Policeman Theory

2.2.2Lending credibility Theory

2.2.3Theory of inspired confidence

2.2.4 Agency Theory

2.3    Empirical framework                                                                                    27

CHAPTER THREE: RESEARCH METHODOLOGY 

3.1 Research Design 35

3.2 Population of the Study 35

3.3 Sample size determination 35

3.4 Instrument of data collection 36

3.4.1 Data collection 36

3.5 Validity andReliabilityoftheinstrument 36

3.6 Data analysis techniques 37

3.7 Model specification 37

CHAPTER FOUR: DATA PRESENTATION  AND ANALYSIS

4.1Data Presentation and analysis38

4.2 Data Analysis                                                               

4.3Discussion on findings51

CHAPTER FIVE:SUMMARY OF FINDINGS, CONCLUSION AND• RECOMMENDATIONS

5.1 Summary of Findings53

5.2 Conclusion                                                                

 5.3 Recommendations    

References

Appendix