Auditor's responsibility

This diploma thesis deals with the responsibility of the auditing profession, with a focus on selected audit scandals. The aim of the thesis is to define the auditor’s responsibility and to assess the circumstances that may lead to audit failure, including their possible consequences. The theoretical part focuses on the definition of the auditing profession, its legal, professional and institutional framework, and the individual aspects of auditor responsibility. The application part is focused on the analysis of selected foreign audit scandals, on the basis of which the causes and consequences of audit failures in practice are assessed. The thesis connects the theoretical definition of auditor responsibility with specific cases and points out the importance of responsible, independent and critical audit performance for the reliability of financial reporting.