Responsibilities of external auditors

Websters Online dictionary defines the word “responsible” as (1) liable to be called upon to answer for one’s acts or decisions : answerable (2) able to fulfill one’s obligations : reliable , trustworthy (3) able to choose for oneself between right and wrong and (4) involving accountability or important duties. Hence the word “responsibilities” is defined as something for which one is responsible.

Based on the above definitions, one should not take such responsibilites lightly and carelessly and unless one has the physical and mental prowess to bear this heavy load and competence to accomplish the given assignment as the word “responsibilities” encompasses more tasks and duties within this word such as answerable , reliability , liability , trust , justice , ethics , accountability and many more. Therefore, for one to accept responsibility is a serious and