External auditor attributes and financial reporting quality of quoted manufacturing companies in Nigeria
DOI:
https://doi.org/10.56879/ijbm.v4i2.89Keywords:
Audit fees, auditors’ industry specialization, external auditor attribute, financial reporting qualityAbstract
The study examined external auditor attributes and financial reporting quality of quoted manufacturing companies in Nigeria. Specifically, the study focused on audit fees, and auditors’ industry specialization as a dependent variable and financial reporting quality as independent variable. Ex-post facto research design was adopted. The population included all 44 quoted manufacturing companies in Nigeria out of which 10 were selected as sample size of the study. The study covered the period from 2014 to 2023 and utilized secondary data extracted from the annual accounts of the companies for the period of the study. The study employed the use of descriptive statistics, correlation and panel regression analysis techniques to analyze the data with the aid of STATA version 16. From the regression results, it was revealed that audit fees and auditor industry specialization have statistically positive significant effects on financial reporting quality of quoted manufacturing companies in Nigeria. The study concluded that external auditor attributes have strong explanatory power in determining the quality of financial reporting of quoted manufacturing companies in Nigeria. The study recommended that given the complex nature of the manufacturing companies they should insist on hiring industry specialist auditors. Even, the “Code” stipulates that in order to ensure quality audit outcomes, the engagement partner and audit team should possess the knowledge, relevant skills and experience. The findings from this study have implications for policy makers and auditors. The findings implied that auditors' fee and auditor industry specialization matter with regard to the quality of financial reporting. Therefore, the regulator's concern over the auditor fee and auditor industry specialization is a major problem in the listed manufacturing firms in Nigeria.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Ebimoboere Rebecca Alamieyeseigha, Adamu Garba Zango

This work is licensed under a Creative Commons Attribution 4.0 International License.
This license was developed to facilitate open access, namely, it allows articles to be freely downloaded and to be reused and re-distributed without restriction, as long as the original work is correctly cited. More specifically, anyone may copy, distribute, or reuse these articles, create extracts, abstracts, and other revised versions, adaptations, or derivative works of or from an article, and mine the article even for commercial purposes, as long as they credit the author(s).