Effect of Auditor’s Independence on Financial Reporting Quality of Nigerian Deposit Money Bank

Agbaje Abdul-Ganiyy, Sadiq Raji (), Adesoji Oke and Oyindamola Shittu Aminat
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Agbaje Abdul-Ganiyy: Department of Accounting and Finance, College of Management and Social Sciences Fountain University, Osogbo, Osun State
Sadiq Raji: Department of Accounting and Finance, College of Management and Social Sciences Fountain University, Osogbo, Osun State
Adesoji Oke: Department of Accounting and Finance, College of Management and Social Sciences Fountain University, Osogbo, Osun State
Oyindamola Shittu Aminat: Department of Accounting and Finance, College of Management and Social Sciences Fountain University, Osogbo, Osun State

Financial Internet Quarterly (formerly e-Finanse), 2021, vol. 17, issue 2, 59-65

Abstract: This study examined the effect of auditor independence on financial reporting quality of deposit money banks in Nigeria with Financial Reporting Quality as the dependent variable; Audit Fee, Audit Firm Size and Audit Meeting as independent variables, Debt Ratio as control variable. The sample period covered six (6) years (2013 to 2018) and data were extracted from the audited annual reports of ten (10) selected deposit money banks. The results of this study revealed that Audit Fee, Audit Meeting and Debt Ratio are positive but have insignificant impact on financial reporting quality; Audit Firm Size is negative and has insignificant impact on financial reporting quality. The study recommends orientation and reorientation of audit committee members to guarantee significant influences on financial reporting quality.

Keywords: audit independence; audit fee; audit meeting; financial reporting quality (search for similar items in EconPapers)
JEL-codes: E4 E5 E6 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:17:y:2021:i:2:p:59-65:n:2

DOI: 10.2478/fiqf-2021-0014

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