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AUDIT TENURE AND QUALITY OF FINANCIAL REPORTING IN NIGERIA

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

Abstract

Measurement of audit quality over the years has been treated thoroughly. The relationship between audit tenure and audit quality is treated in this research. The research instrument used in collecting data is the questionnaire, which is a primary method of data collection. The analytical instrument used is the Pearson’s correlation technique. The co-efficient observed are weak negative (-0.149), weak positive (0.026) and weak negative (-0.059) for the three research questions used in the study. The values are deemed to be non significant which hold that there is no significant relationship between the duration of auditor and the quality of financial reporting, there is no significant difference between audit objective and ability to maintain accountability by firms and that there is no significant relationship between audit rotation and fraud detection. The research recommends that short audit tenure should be discouraged and long audit tenure should be accepted which leads to higher financial reporting quality. The research also recommends the monitoring of audit firms by regulatory bodies to improve efficiency and transparency in financial reporting.




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