FIRM'S SIZE, A DETERMINANT OF AN ABNORMAL AUDIT FEES IN NIGERIA

Owagbeyegun, Ife Oluwatomisin (), Biwei, Theodora Awele () and Atu, Omimi Ejoor Osaretin Kingsley ()
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Owagbeyegun, Ife Oluwatomisin: Igbinedion University Okada, Postal: Nigeria., https://www.afarng.org/jfafi/
Biwei, Theodora Awele: Federal College of Education (Technical),, Postal: Asaba Delta State.,, https://www.afarng.org/jfafi/
Atu, Omimi Ejoor Osaretin Kingsley: Igbinedion University Okada, Postal: Nigeria., ,, https://www.afarng.org/jfafi/

Journal of Forensic Accounting & Fraud Investigation (JFAFI), 2021, vol. 6, issue 2, 78-96

Abstract: The issue relating to audit fees has been lingering over the years; on what constitute a normal audit fees and an abnormal audit fees. Like it has been explained that an abnormal audit fee is the difference between the expected audit fee and the actual audit fees paid. This therefore motivated and led to the study of the evaluation of firm's size, a determinant of an abnormal audit fees in Nigeria; using the various variables. The study made use of the descriptive statistics; the correlation matrix; histogram normality test; trend movement and the panel least square regression method to elucidate the findings. The finding revealed that Firms' Size (FSIZE) has a significant negative effect on Abnormal Audit Fees. The policy implication is that larger firms' are often the victims of abnormal audit fees than smaller firms' in Nigeria; therefore, policies should be targeted towards looking at the implication of abnormal audit fees on large firms.

Keywords: Abnormal audit fees; Audit services; Independence; Professional services (search for similar items in EconPapers)
Date: 2021
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