CAN AUDIT QUALITY AFFECT PERFORMANCE OF NON-FINANCIAL FIRMS IN NIGERIA?

Olusola Enitan Olowofela. (olowofelaolusola@gmail.com), Olufunke Olaide Sogbesan (felasogbesan@gmail.com) and Kehinde Isiaq Olaiya (kenkenolaiya@gmail.com)
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Olusola Enitan Olowofela.: Department of Banking & Finance, Postal: Olabisi Onabanjo University, Ago-Iwoye, Ogun State.,, https://journal.citn.org/
Olufunke Olaide Sogbesan: Department of Accounting, Postal: Olabisi Onabanjo University, Ago-Iwoye, Ogun State.,, https://journal.citn.org/
Kehinde Isiaq Olaiya: Department of Banking & Finance, Postal: Olabisi Onabanjo University, Ago-Iwoye, Ogun State.,, https://journal.citn.org/

Journal of Taxation and Economic Development, 2021, vol. 20, issue 1, 49-62

Abstract: This study examined the effect of audit quality on value of non-financial firms in Nigeria with reference to food and beverages quoted firms between 2008 and 2017. The study employed ex-post facto research design using panel data sourced from annual financial reports of nineteen (19) sampled quoted food and beverages companies. The findings of this study revealed that audit functions act as mechanism to attest accountability and stewardship of company management in order to reduce innocent mistakes and deliberate misstatements such as fraud and management manipulation which can reduced firm performance. It is therefore recommended that auditor should uphold the ethics of their profession by observing ethical codes such as integrity, objectivity and confidentiality as this will enable them to live up to the expectations of their clients, their professional bodies, and the general stakeholders.

Keywords: Audit quality; financial performance; non-financial firms (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jotaed:0051

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