Factors Affecting Auditor’s Independence for Quoted Companies in Nairobi Securities Exchange

Helena Linnah Liu and Fredrick Kalui
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Helena Linnah Liu: Faculty of commerce, Egerton University, Kenya
Fredrick Kalui: Faculty of commerce, Egerton University, Kenya

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 6, 3915-3928

Abstract: The purpose of this study was to evaluate the factors that affect the auditor’s independence among the companies that are quoted on the Nairobi securities exchange. The specific objectives of the study were to establish the effect of audit firm size on auditor’s independence, to determine the effect of audit firm’s tenure on auditor’s independence, to establish if size of the audit fee has an effect on the auditor’s independence among the companies quoted on the securities exchange and to examine the effect of audit committee competence on the auditor’s independence among companies quoted on the Nairobi securities exchange. The study used a descriptive sample design. The target population entailed all the 64 companies quoted on the NSE by December 2023. The accountants, internal auditors and senior managers formed the main respondents. A total of 180 respondents were selected and used for the study. Questionnaire was used for data collection. Data was analyzed using descriptive statistics (mean and standard deviation), correlation analysis as well as simple and multiple linear regression analysis. The SPSS software was used to analyse the data. Results indicated the existence of a strong positive correlation between auditor independence and audit firm size (r = 0.928, P value = 0.008

Date: 2025
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