Responsibility of an auditor for accounting fraud detection

This is the authors' abstract. We don't add key points for this paper.

Consequences of detected accounting frauds are shared by all stakeholders starting from the enterprise, through investors, creditors, business partners, the state, to the audit firm. Responsibility for the true and fair presentation of the financial statements lies with managers, auditors and regulators. The aim of the paper is to determine the level of responsibility of auditors in detecting any manipulative acts and fraud. In this paper the authors will also reflect on the conduct of auditors encouraged by personal or commercial pressure which leads to disruption of audit quality and public confidence in the audit report.