There is increasing demand in auditors by regulators, third parties and users of their services in
terms of their responsibilities and duties to perform. This is because, it is auditor's opinion that
furnishes investors with critical assurance that the financial statement have been subjected to a
rigorous examination by an objective, impartial, and skilled professional, and that investors,
therefore, can rely on them. The auditor as a professional is dependent on his skill and
professional competence for livelihood. But where audit fee keep dwindling with increasing risk;
and other accounting services are available for the auditor, he might take up such opportunity.
This paper examine why auditing is proving risky and expensive and concluded that the
profession, the regulators and users of their services come together to review the profession, it
might be difficult to source auditors in future