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Determinant Of Audit Quality In The Nigeria Private Sector

  • Type:Project
  • Pages:103
  • Format:Microsoft Word
(Accounting Project Topics & Materials)
ABSTRACT
The broad objective of this study was to provide empirical evidence on the existence of the determinant of Audit Quality in the Nigeria Private Sector and the other explanatory variables (board composition, board size, ownership concentration, and institutional ownership). The study examined a sample of 20 companies for a period of five years from 2008-2012. The descriptive statistic was used to explain the distribution of the data for each of the variables, while the correlation matrix was utilized to ascertain the relationships among the variables. The study utilized the ordinary least square regression technique in analyzing the data. Using audit fee and audit firm type proxy for audit quality our empirical analysis shows that the likelihood of Board size influencing the determinant of audit quality in the Nigeria private sector is positive though not significant, the likelihood of Ownership concentration impacting on the determinant of audit quality in the Nigeria private sector is positive though not significant at 5% while the likelihood of Institutional Ownership impacting on audit quality in the Nigeria private sector is positive and significant. In addition, we found that the likelihood of board composition impacting on determinant of audit quality in the Nigeria private sector is negative though not significant at 5%. 
Therefore the study recommends that board composition should include greater proportion of independent outside directors with corporate experience and also board members, management and staff should adhere strictly to the Code of Corporate governance to enhance transparency, and meanwhile stiff penalties should be established for defaulters in companies in operating in Nigeria.


TABLE OF CONTENTS
CHAPTER ONE:
INTRODUCTION
1.1    BACKGROUND OF THE STUDY    -    -    -    -    1
1.2     STATEMENT OF THE PROBLEM    -    -    -    -    3
1.3    RESEARCH QUESTIONS     -    -    -    -    -    5
1.4    OBJECTIVE OF THE STUDY    -    -    -    -    -    5
1.5    RESEARCH HYPOTHESIS     -    -    -    -    -    6
1.6    SCOPE OF THE STUDY    -    -    -    -    -    6
1.7     SIGNIFICANCEOF THE STUDY    -    -    -    -    6
1.8       LIMITATION OF THE STUDY    -    -    -    -    7
REFERENCES    -    -    -    -    -    -    -    -    8

CHAPTER TWO: LITERATURE REVIEW
2.0    INTRODUCTION    -    -    -    -    -    -    -    10
2.1    THE CONCEPT OF DETERMINANT OF AUDIT QUALITY IN THE NIGERIA PRIVATE SECTOR    -    -    -    -    10
2.2     MEASUREMENT OF DETERMINANTS OF AUDIT QUALITY IN NIGERIA PRIVATE SECTOR    -    -    -    -    -    14
2.2.1     Audit Firm Size.    -    -    -    -    -    -    -    14
2.2.1.1 Auditors Type (Big Four Vs Non-BigFour)         -    -    16
2.2.2  Auditor Tenure     -        -    -    -    -    -    -    19
2.2.3  Audit Fee    -    -    -    -    -    -    -    -    24
2.2.4  Non Audit Services     -    -    -    -    -    -    25
2.3     OVERVIEW OF CORPORATE GOVERNANCE AND DETERMINANTS OF AUDIT QUALITY IN THE NIGERIA PRIVATE SECTOR    -       -    -    27
2.3.1     Corporate Governance and Determinants of Audit Quality in the Nigeria Private Sector    -    -    -    -    -    -    -    32
2.3.1.1 Board Size and Determinants of Audit Quality in the  Nigeria Private Sector    -    -    -    -    -    -    32
2.3.1.2 Ownership Structure and Determinants of Audit Quality in the Nigeria Private Sector    -    -    -    -    -    -    34
2.3.1.2.1 Ownership Concentration and Determinants of Audit Quality in the Nigeria Private Sector    -    -    -    -    -    35
2.3.1.2.2   Institutional Ownership and Determinants of Audit Qualityin the Nigeria Private Sector    -    -    -    -    -    36
2.3.1.3 Board Structure and Determinants of Audit Quality in the Nigeria Private Sector    -    -    -    -    -    -    36
2.4    THEORETICAL FRAMEWORK    -    -    -    -    40
2.4.1    Agency Theories    -    -    -    -    -    -    -    40
2.4.2    Stakeholder Theory    -    -    -    -    -    -    43
2.4.3    Resource Dependency Theory    -    -    -    -    -    47
2.4.4    Stewardship Theory    -    -    -    -    -    -    49
REFERENCES    -    -    -    -    -    -    -    1

CHAPTER THREE: RESEARCH METHODOLOGY
3.1     INTRODUCTION    -    -    -    -    -    -    -    60
3.2    THE RESEARCH DESIGN    -    -    -    -    -    60
3.3    THE POPULATION OF THE STUDY    -    -    -    60
3.4     SAMPLE AND SAMPLING TECHNIQUES    -    -    61
3.5     SOURCES OF THE DATA COLLECTION    -    -    -    61
3.6    MODEL SPECIFICATION AND DATA ANALYSIS PLAN -    61
3.7    OPERATIONALISATION OF VARIABLES     -    -    62
REFERENCE    -    -    -    -    -    -    -    64

CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.1     INTRODUCTION        -    -    -    -    -    -    65
4.2     PRESENTATION AND ANALYSIS OF RESULT    -    66
4.3     DISCUSSION OF RESULT     -    -    -    -    -    76

CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.1     INTRODUCTION    -    -    -    -    -    -    -    81
5.2     SUMMARY OF FINDINGS     -    -    -    -    -    81   
5.3     CONCLUSION    -    -    -    -    -    -    -    82
5.4.1    POLICY RECOMMENDATION     -    -    -    -    83
    BIBLIOGRAPHY     -    -    -    -    -    -    -    85
APPENDIX 1    -    -    -    -    -    -    -    95
APPENDIX 2: REGRESSION RESULT    -    -    -    96
APPENDIX 3: REGRESSION RESULT    -    -    -    97


Determinant Of Audit Quality In The Nigeria Private Sector

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Details

Type Project
Department Accounting
Project ID ACC2271
Price ₦3,000 ($9)
No of Pages 103 Pages
Format Microsoft Word

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    Details

    Type Project
    Department Accounting
    Project ID ACC2271
    Price ₦3,000 ($9)
    No of Pages 103 Pages
    Format Microsoft Word

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