EFFECT OF AUDIT FIRM CHARACTERISTICS ON FINANCIAL REPORTING QUALITY IN NON-FINANCIAL INSTITUTION IN NIGERIA

Abstract: This study investigated the effect of audit firm characteristics on the financial reporting quality of non-financial institutions in Nigeria for the periods 2014-2018. To achieve this objective an explanatory research design was adopted to gather historical data from the annual financial statement of the selected non-financial financial for the periods in questions. In addition, from the 106 non-financial institutions firms in Nigeria stratified under seven segment of; Oil & Gas, Consumer Services, Consumer Goods, Basic Materials, Technology, Health Care and industries. A purposive sampling of 32 non-financial institutions were selected for the study. This comprised of 10% industry each from each stratum. Both descriptive and inferential statistics of Panel Regression analysis (in random effect) were adopted for the study. The result of the study revealed that audit firms characteristics had significant positive effect on the financial reporting quality of the selected non-financial institutions. It was concluded that audit firm independence, audit firm tenure, audit firm size, joint audit and audit fees were significant and positively related to the quality of financial reporting. Keywords: Audit firm characteristics, Audit firm independence, Audit firm tenure, financial reporting quality. Title: EFFECT OF AUDIT FIRM CHARACTERISTICS ON FINANCIAL REPORTING QUALITY IN NON-FINANCIAL INSTITUTION IN NIGERIA Author: Olaoye .C.O, AKINTAYO Oluwatoyin Olusola Alex International Journal of Recent Research in Commerce Economics and Management (IJRRCEM) ISSN 2349-7807 Vol. 9, Issue 3, July 2022 - September 2022 Page No: 16-26 Paper Publications Website: www.paperpublications.org Published Date: 08-July-2022 DOI: https://doi.org/10.5281/zenodo.6810580 Paper Download Link (Source) https://www.paperpublications.org/upload/book/EFFECT%20OF%20AUDIT%20FIRM%20CHARACTERISTICS-08072022-2.pdfInternational Journal of Recent Research in Commerce Economics and Management (IJRRCEM), ISSN 2349-7807, Paper Publications, Website: www.paperpublications.or