THE IMPACT OF AUDITING ATTRIBUTES ON FINANCIAL REPORTING QUALITY OF LISTED CONSUMER GOODS FIRMS IN NIGERIA.

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THE IMPACT OF AUDITING ATTRIBUTES............pdf (2.08 MB)

Date

2015-10-01

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Banking and Finance Department, Nasarawa State University, Keffi

Abstract

External auditors are expected to ensure the quality of financial report which stakeholders rely upon for proper decision making. This study examines the effect of audit attribute s on financial reporting quality o f the listed consumer goods firm s in Nigeria. Financial report big quality is proxied by discretionary accruals using the modified Dechow and Dichev's (20001) model. Data for the study were obtained from audited annual reporstof the 18 sampled consum w goods firm s for five years from 2009 to 2013. OLS regression was used to analyze the dal i using Stata version 11.2. it was discovered that industry specialized audit and audit tenun significantly influence financial reporting quality of listed consumer goods firm s in Nigeria. It is recommended that firm s should employ the services of specialized auditors and to also allow the audit client relationship to last for at least three years in order to have improved uidil quality, which in turn improves financial reporting quality.

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Keywords

Financial Reporting Quality, Industry Specialized Audit, Audit Fees, Audit Tenure, Discretionary Accruals.

Citation

Abubakar, A. (2014). Does audit quality influence earnings management in deposit .money banks in Nigeria? Journal of Accounting Research and Practice, 3. Abdelghany, K. (2005). Measuring the quality of earnings.Managerinl Auditing Journal, 20(9) 1001-1015. Arens, A., Eider, R. and Beasley, M. (2005), auditing and assurance services: an integrated approach, (10*ed), Englewood Cliffs, NJ: Prentice-Hall. Augustine, O.O., Famous O. I. and Augustine O.E., (2014) Audit quality and accrual-based earnings management of quoted companies in Nigeria. lOSRjoumal of Economics and finance, 2(2) 07-16 www.iosrjoumals.org k Badard J.C., and Biggs, S.F (1991).The effect of domain-specific experience on evaluation of management representations in analytical procedures. Auditing; A journal of practice & theory: 77-90. Balsam, S., Chen, H., and Sankaraguruswamy, S., (2003). Earnings management prior to stock option grants. Working Paper, National University of Singapore.htpp://ssrn.com Barth, M., Beaver, W., and Landsman. W., (2001). The relevance of the value relevance literature for financial accounting standard setting: an overview. Journal of Accounting & Economics, 31; 77-104. Basiruddeen, R. (2011). The relationship between governance practices, .audit quality and earnings management: UK Evidence. Doctoral Thesis, Durham University. Available at Durham E-theses, Oline:http://etheses. dur.ac. uk/1382.

URI

https://keffi.nsuk.edu.ng/handle/20.500.14448/920

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