Open AccessAudit Quality, Abnormal Audit Fee and Auditor Attributes
Author(s) -
Ogujiofor Magnus Nkemjika,
Anichebe Alphonsus Sunday,
Ozuomba Chidinma Nwamaka
Publication year - 2017
Publication title -
international journal of management excellence
Language(s) - English
Resource type - Journals
ISSN - 2292-1648
DOI - 10.17722/ijme.v8i3.895
Subject(s) - audit , auditor independence , quality audit , accounting , business , auditor's report , quality (philosophy) , external auditor , inherent risk (accounting) , audit substantive test , joint audit , internal audit , philosophy , epistemology
The study aimed at finding the relationship between audit quality, abnormal audit fee and auditor attributes. The study employed ordinary least square regression technique to analyze the relationship between the dependent and independent variable. Samples of fourteen banks were selected using judgmental sampling technique. The results reveal the existence of positive relationship between abnormal audit fee and audit quality at 5%. Second, the influence of auditor independence on quality appears to also be positive and significant at 5%. Third, the effect of Auditor tenure on audit quality appears to be positive and insignificant at 5%. The study recommended that apex bank should ensure that all factors that hamper auditor independence should be removed unduly long auditor tenure should be discouraged to avoid over familiarity of auditor with the client.