EFFECT OF AUDIT REPORT ON ANNUAL FINANCIAL REPORTING QUALITY OF ORGANIZATION
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
External auditors conduct an independent examination of a firm‟s financial statements, records and supporting documents and give opinion about the truth and fairness of the reports, and that the report is free from material misstatements and errors. While, this can be considered as a good control mechanism for ensuring the quality of corporate financial reporting, there is a great concern by the regulatory authorities and other stakeholders in view of the corporate scandals and failures that adversely affect corporate entities in recent times in Nigeria. This study examined the impact of audit firms‟ attributes on annual financial reporting quality of selected organisations in Nigeria. The study employed correlation research design using a sample of four listed building material firms for the period of ten years (2002- 2011). Ordinary Least Square (OLS) multiple regression technique was employed in the analysis of the panel data collected for the study. The study found that audit compensation and audit firm independence have significant positive impact on the annual financial reporting quality of selected organisations in Nigeria at 99% confidence level. The finding suggested that, audit compensation and provision of non-audit services in the quoted building material firms in Nigeria have improved the quality of their annual financial reporting during the period under review. The study recommends that, policy makers (SEC and FRC) should make policies that would strengthen the auditors‟ independence in the building material firms in Nigeria. It is also recommended that SEC and FRC should make it a policy that public companies, especially building material firms, should consider in employing their auditors an optimal compensation.
Related Project Materials
Assessing the Role of FDI in Improving Market Competitiveness in Nigeria
Background of the Study
Market competitiveness is vital for ensuring sustainable economic development and long-term prosper...
An evaluation of environmental risk management in petroleum transportation in Suleja Local Government Area, Niger State
Background of the Study
Petroleum transportation, a critical aspect of Nigeria's energy infrastructure, involves the movement of crud...
An Investigation of the Impact of Urban Renewal Programs on Regional Economic Performance in Nigeria
Background of the Study
Urban renewal programs are designed to revitalize deteriorating urban areas by improving infrastruc...
The Impact of Demand Forecasting on Supply Chain Performance: A Case Study of PZ Cussons Nigeria in Kwara State
Background of the Study
Demand forecasting plays a critical role in supply chain management, as it helps companies predi...
An evaluation of e‐learning strategies for improving students’ engagement in secondary schools in Lafia Central LGA, Nasarawa State
Background of the Study
Evaluation of e‐learning strategies has become a focal point in modern education as digital technologies transfor...
THE IMPACT OF TAX AS A SOURCE OF REVENUE
It is widely known that taxation is a source of revenue to the government and it is also a coercive exploration to the payers. It is also an instru...
The Role of Managerial Accounting in Improving Budgetary Accountability in Nigerian Public Institutions: A Case Study of the Federal Ministry of Education
Background of the Study
Budgetary accountability ensures that public funds are managed responsibly and...
CORPORATE SOCIAL ACCOUNTING INFORMATION DISCLOSURES AMONG FIRMS IN NIGERIA
Abstract
This study investigates the relationship between corporate social responsibility disclosure (CSRD) and financia...
DESIGN AND IMPLEMENTATION OF A WEB-BASED DRUG INVENTORY MANAGEMENT SYSTEM
ABSTRACT
Inventory management is one of the necessities of every business institution. Every organization possesses its...
An Appraisal of the Role of First-Time Voters in Shaping Electoral Outcomes in Shinkafi Local Government Area, Zamfara State
Background of the Study
First-time voters represent a critical demographic in the electoral process, of...
