Audit Characteristics in Nigeria: Industry Analysis


Authors : Akinkoye, Ebenezer Yemi; Dr. Agbogun Sarafa Adewumi; Dr. Adekunle Samuel Kayode; Jimoh Lukuman Adewale; Agbogun, Farouq Babatunde

Volume/Issue : Volume 7 - 2022, Issue 9 - September

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3Svy6ea

DOI : https://doi.org/10.5281/zenodo.7133912

The study examined audit characteristics across the industries in Nigeria with the view of providing adequate information on the state of variation in audit characteristics and the effects on the financial reporting quality of firms selected. Secondary data was used for this study. The data of non-financial firms listed on the stock exchange in Nigeria for the period of 11 years, 2008 to 2018 was examined. Information for the study was extracted from the annual reports and Accounts of the sample firms. Data on audit characteristics were obtained from the firms’ annual reports, the publication of the Nigeria Stock Exchange (NSE) as well as the website of the firms. The data were analyzed using the descriptive method of analysis with the use of tables, percentages, and graphs for proper illustration. The result showed that audit characteristics among firms do vary across the industries and that the variations are insignificant. The variations are not industry specific. The only audit characteristic that was industry-specific was the audit type-the Big-4. The firms such as Healthcare, Consumer goods, Industrial Goods, and Oil and Gas engaged the services of the Big-4. The study concluded that the specific audit characteristics adopted by firms have greatly and significantly enhanced the quality of financial reporting in Nigeria.

Keywords : Audit characteristics, financial reporting quality, non-financial firms.

CALL FOR PAPERS


Paper Submission Last Date
29 - February - 2024

Paper Review Notification
In 1-2 Days

Paper Publishing
In 2-3 Days

Video Explanation for Published paper

Never miss an update from Papermashup

Get notified about the latest tutorials and downloads.

Subscribe by Email

Get alerts directly into your inbox after each post and stay updated.
Subscribe
OR

Subscribe by RSS

Add our RSS to your feedreader to get regular updates from us.
Subscribe