This study investigated the effect of audit tenure on financial reporting quality of Nigerian Deposit Money Banks (DMBs). This was with a view to providing information on the relationship between audit rotation and financial reporting quality of Nigerian Deposit Money Banks. The study employed secondary data. The study population comprised all the 20 listed Deposit Money Banks (DMBs) on the Nigerian Stock Exchange. Purposive sampling technique was adopted to select 13 banks whose data were readily available and accessible, and stocks were actively and consistently traded on the stock market. Data for audit tenure, audit committee independence, board size, financial condition and financial reporting quality were sourced from the audited financial statements of the selected DMBs and the Nigerian Stock Exchange Factbook over a period of 11 years (2008-2018). Data collected were analysed using Random Effect method. The results showed that audit tenure had a positive and significant relationship with financial reporting quality (t = 2.183 p < 0.05). Moreover, financial condition had a negative and significant relationship with financial reporting quality (t = -2.892 p < 0.05). The study concluded that audit tenure had strong influence on financial reporting quality of Nigerian Deposit Money Banks. The results indicated that audit tenure in Nigerian environment is consistent with learning effect theory as financial reporting quality is positively related to audit tenure.
| Published in | European Business & Management (Volume 8, Issue 4) |
| DOI | 10.11648/j.ebm.20220804.11 |
| Page(s) | 81-88 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Audit Tenure, Financial Condition, Firm Size, ZScore, Financial Reporting Quality
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APA Style
Oladejo Abiodun Oyebamiji. (2022). Audit Tenure and Financial Reporting Quality of Listed Nigerian Deposit Money Banks (2008-2018). European Business & Management, 8(4), 81-88. https://doi.org/10.11648/j.ebm.20220804.11
ACS Style
Oladejo Abiodun Oyebamiji. Audit Tenure and Financial Reporting Quality of Listed Nigerian Deposit Money Banks (2008-2018). Eur. Bus. Manag. 2022, 8(4), 81-88. doi: 10.11648/j.ebm.20220804.11
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Download@article{10.11648/j.ebm.20220804.11,
author = {Oladejo Abiodun Oyebamiji},
title = {Audit Tenure and Financial Reporting Quality of Listed Nigerian Deposit Money Banks (2008-2018)},
journal = {European Business & Management},
volume = {8},
number = {4},
pages = {81-88},
doi = {10.11648/j.ebm.20220804.11},
url = {https://doi.org/10.11648/j.ebm.20220804.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ebm.20220804.11},
abstract = {This study investigated the effect of audit tenure on financial reporting quality of Nigerian Deposit Money Banks (DMBs). This was with a view to providing information on the relationship between audit rotation and financial reporting quality of Nigerian Deposit Money Banks. The study employed secondary data. The study population comprised all the 20 listed Deposit Money Banks (DMBs) on the Nigerian Stock Exchange. Purposive sampling technique was adopted to select 13 banks whose data were readily available and accessible, and stocks were actively and consistently traded on the stock market. Data for audit tenure, audit committee independence, board size, financial condition and financial reporting quality were sourced from the audited financial statements of the selected DMBs and the Nigerian Stock Exchange Factbook over a period of 11 years (2008-2018). Data collected were analysed using Random Effect method. The results showed that audit tenure had a positive and significant relationship with financial reporting quality (t = 2.183 p < 0.05). Moreover, financial condition had a negative and significant relationship with financial reporting quality (t = -2.892 p < 0.05). The study concluded that audit tenure had strong influence on financial reporting quality of Nigerian Deposit Money Banks. The results indicated that audit tenure in Nigerian environment is consistent with learning effect theory as financial reporting quality is positively related to audit tenure.},
year = {2022}
}
TY - JOUR T1 - Audit Tenure and Financial Reporting Quality of Listed Nigerian Deposit Money Banks (2008-2018) AU - Oladejo Abiodun Oyebamiji Y1 - 2022/07/28 PY - 2022 N1 - https://doi.org/10.11648/j.ebm.20220804.11 DO - 10.11648/j.ebm.20220804.11 T2 - European Business & Management JF - European Business & Management JO - European Business & Management SP - 81 EP - 88 PB - Science Publishing Group SN - 2575-5811 UR - https://doi.org/10.11648/j.ebm.20220804.11 AB - This study investigated the effect of audit tenure on financial reporting quality of Nigerian Deposit Money Banks (DMBs). This was with a view to providing information on the relationship between audit rotation and financial reporting quality of Nigerian Deposit Money Banks. The study employed secondary data. The study population comprised all the 20 listed Deposit Money Banks (DMBs) on the Nigerian Stock Exchange. Purposive sampling technique was adopted to select 13 banks whose data were readily available and accessible, and stocks were actively and consistently traded on the stock market. Data for audit tenure, audit committee independence, board size, financial condition and financial reporting quality were sourced from the audited financial statements of the selected DMBs and the Nigerian Stock Exchange Factbook over a period of 11 years (2008-2018). Data collected were analysed using Random Effect method. The results showed that audit tenure had a positive and significant relationship with financial reporting quality (t = 2.183 p < 0.05). Moreover, financial condition had a negative and significant relationship with financial reporting quality (t = -2.892 p < 0.05). The study concluded that audit tenure had strong influence on financial reporting quality of Nigerian Deposit Money Banks. The results indicated that audit tenure in Nigerian environment is consistent with learning effect theory as financial reporting quality is positively related to audit tenure. VL - 8 IS - 4 ER -
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