期刊名称：International Journal of Finance and Accounting
印刷版ISSN：2168-4812
电子版ISSN：2168-4820
出版年度：2016
卷号：5
期号：1
页码：13-21
DOI：10.5923/j.ijfa.20160501.02
语种：English
出版社：Scientific & Academic Publishing Co.
摘要：The need to ensure reliable and high quality of audit work has largely focused on auditors independence to ensure an auditor is not too familiar with his client, because if an auditor is too familiar with his client it will jeopardize their integrity and in return impair their independent opinion. The objective of this study is to examine the effect of auditor’s independence on audit quality of selected deposit money banks in Nigeria. The population of this study comprised of twenty (20) listed Deposit money banks in Nigeria. Purposive sampling technique was used to select sample size of seven (7) banks. Secondary Data was used and data were sourced from the audited annual report of the sample banks. The Data analysis techniques that were adopted for this study consisted of descriptive statistics, correlation and ordinary least square (OLS) regression. The study revealed that there is a positive relationship between audit fee, audit firm rotation and audit quality. There exist negative relationship between audit firm tenure and audit quality. The correlation between audit quality and leverage is strong, negative and statistically significant. The correlation between audit quality and company size is strong, positive and statistically significant. The study recommends that Auditor’s independence should be strengthened by taking different measures to address the issues which could create threats for auditors. The measures will include, but not limited to regular rotation of auditors, reduction in the tenure of auditors and appropriate audit fees.
