Legal Liability of Auditors for Corporate Fraud: Challenges and Prospects
This article examines auditors’ legal liability for corporate fraud under Nigerian law. It analyses the statutory, common law and professional standards governing auditors’ duties, the circumstances that may give rise to liability, and the practical challenges that hinder effective enforcement. It also proposes reforms aimed at strengthening regulatory oversight, auditor independence, technological competence and corporate governance while preserving the proper limits of the audit function.
