Audit Attributes and Reporting Quality in Selected Nigerian Deposit Money Banks

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Audit Attributes and Reporting Quality in Selected Nigerian Deposit Money Banks "
Kolawole, Olaitan Ayorinde Salman, Ramat T.

Document Type	:	Latin Dissertation
Language of Document	:	English
Record Number	:	1106330
Doc. No	:	TLpq2385396543
Main Entry	:	Kolawole, Olaitan Ayorinde
	:	Salman, Ramat T.
Title & Author	:	Audit Attributes and Reporting Quality in Selected Nigerian Deposit Money Banks\ Kolawole, Olaitan AyorindeSalman, Ramat T.
College	:	Kwara State University (Nigeria)
Date	:	2019
student score	:	2019
Degree	:	M.S.
Page No	:	69
Abstract	:	The collapse of many big corporations, such as world Com and Enron in the United states as well as Cadbury Nigerian plc and Lever Brothers plc in Nigeria have been associated with questionable accounting practices, thereby subjecting the credibility of auditing profession into doubt which influence the reliability of financial reporting quality. Thus, this study sought to empirically investigate the determinants of financial reporting quality of selected deposit money banks in Nigeria with a view to specifically determine the audit fee on the quality of financial reporting of Nigerian DMBs; ascertain the effect of audit firm independence on quality of financial reporting Nigerian DMBs; and finally to ascertain the effect of auditor’s tenure on the quality of financial reporting of Nigerian DMBs. Data was retrieved secondarily from the audited financial report of the sampled banks during 2009-2017. A GLS panel regression was employed for the testing of the three formulated hypotheses base on the results of the hausman test with the aid of STATA 13. The empirical result of this study based on the inferential statistic results led to the rejection of the three formulated null hypotheses for the acceptance of the alternatives hypotheses which implies that the audit fee with p-value of 0.000 which was significant @1%, audit firm independence with p-value of 0.004 which was significant @5% and auditor’s tenure with p-value of 0.000 which was significant @1% are jointly significant in explaining financial reporting quality considering the reported F-statistics which was significant at 1% evidenced by its probability of 0.0000 and the coefficient of (R2) which stood @ 0.7935.The study recommend among many others that For Nigerian DMBs to achieve an enhanced financial reporting quality the management and the regulatory agencies should emphasize on the audit firm independence in all aspect of the auditors activities. Because the lack of audit firm independence could destroy the quality of financial reporting.
Subject	:	Accounting