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 3000
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
INNOVATIONS IN PROMOTING SUSTAINABLE PRACTICES IN VOCATIONAL TRAINING
ABSTRACT: This study investigates innovations in promoting sustainable practices in vocational training, focusing on initiatives that integrat...
THE EFFECTIVE USE OF INSTRUCTIONAL RESOURCES IN IMPROVING THE TEACHING AND LEARNING SITUATION IN NIGERIAN SCHOOLS
ABSTRACT
This study was carried out to examine the effective use of instructional resources in improving the teaching an...
CAUSES, COMPLICATIONS AND MANAGEMENT OF POLYCYTHEMIA
Background of the study
Polycythemia, a hematologic disorder characterized by an abnormal increase in t...
AN ASSESSMENT OF THE IMPACT OF ADULT LITERACY PROGRAMMES
Abstract
This study was conducted to assess the impact of past adult literacy programm...
DESIGN AND IMPLEMENTATION OF DAYCARE MANAGEMENT SYSTEM
ABSTRACT
child daycare system is the care of a child during the day by a person other than the child’s legal guardian, basically pe...
SUSTAINABLE USE OF CALCIUM CARBIDE RESIDUE TO ENHANCE THE STRENGTH OF CEMENT STABILIZED CLAY SOIL IN ROAD CONSTRUCTION
ABSTRACT
Clayey soil collected along Gwagwalada – Garki road was characterized and classified as A-7-6 soil according to American A...
A STATISTICAL ANALYSIS OF THE ROLE OF MICRO-FINANCE BANK IN AGRICULTURAL DEVELOPMENT
The thesis statistically analyzed of the role of microfinance bank in agricultural development in Nasarawa state. The study cover three select...
PROBLEM AND PROSPECT OF LAND REGISTRATION IN NIGERIA
-
-
Background of the study
-
Real Estate is the expression most...
GOVERNMENT EXPENDITURE AND ECONOMIC GROWTH IN NIGERIA: A DISAGGREGATED ANALYSIS
BACKGROUND OF THE STUDY
The relationship between government expenditure and economic growth has continu...
IMPACT OF PURCHASING STRATEGIES ON ORGANIZATIONAL GROWTH PZ INDUSTRIAL PLC
Abstract
This study is on impact of purchasing strategies on organizational growth Pz industrial plc. The total populati...
