%0 Journal Article %1 noauthororeditor %A Ebubechukwu, Jacinta O | Ofurum, Darlington I %D 2020 %J International Journal of Trend in Scientific Research and Development %K Aauditors Accounting Audit Finance and fees firm independence quality tenure %N 5 %P 944-949 %T External Auditors Independence on Accounting Quality of Nigerian Manufacturing Companies %U https://www.ijtsrd.com/management/accounting-and-finance/33021/external-auditors-independence-on-accounting-quality-of-nigerian-manufacturing-companies/ebubechukwu-jacinta-o %V 4 %X This study examines the effect of external auditor’s independence on accounting quality of Nigerian manufacturing companies. Specifically, the study ascertain the effect of audit fees on discretionary accruals of manufacturing companies and determine the effect of audit firm tenure on discretionary accruals of manufacturing companies. Ex post facto research design was adopted. The population of the study comprise of Consumer Goods manufacturing companies on the Nigerian Stock Exchange NSE . Ordinary Least Square was used to test the relationship between the independent variables and the dependent variable. The empirical results revealed that the study determined the effect of external auditor’s independence on accounting quality of Nigerian manufacturing companies that there is a significant positive effect of audit firm tenure on discretionary accruals of Nigerian manufacturing companies. Also that audit fees has a non significant positive effect on discretionary accruals of Nigerian manufacturing companies. Auditors’ are responsible for certifying the true and fairness of financial statements. The present study investigates the effect of audit firm tenure, Audit fees, audit firm size, and degree of competition on the level of discretionary accruals as surrogate for accounting quality. The results showed mixed findings. Two proxies audit firm tenure and audit firm size showed a significant positive effect while, audit fees and degree of competition showed non significant positive effect. Based on the empirical results above, the study recommended that firms are advised to consider use of industry specialist auditors against the consideration of ‘name’ alone such like the use of Big 4. Ebubechukwu, Jacinta O | Ofurum, Darlington I "External Auditors Independence on Accounting Quality of Nigerian Manufacturing Companies" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33021.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/33021/external-auditors-independence-on-accounting-quality-of-nigerian-manufacturing-companies/ebubechukwu-jacinta-o

@article{noauthororeditor, abstract = {This study examines the effect of external auditor’s independence on accounting quality of Nigerian manufacturing companies. Specifically, the study ascertain the effect of audit fees on discretionary accruals of manufacturing companies and determine the effect of audit firm tenure on discretionary accruals of manufacturing companies. Ex post facto research design was adopted. The population of the study comprise of Consumer Goods manufacturing companies on the Nigerian Stock Exchange NSE . Ordinary Least Square was used to test the relationship between the independent variables and the dependent variable. The empirical results revealed that the study determined the effect of external auditor’s independence on accounting quality of Nigerian manufacturing companies that there is a significant positive effect of audit firm tenure on discretionary accruals of Nigerian manufacturing companies. Also that audit fees has a non significant positive effect on discretionary accruals of Nigerian manufacturing companies. Auditors’ are responsible for certifying the true and fairness of financial statements. The present study investigates the effect of audit firm tenure, Audit fees, audit firm size, and degree of competition on the level of discretionary accruals as surrogate for accounting quality. The results showed mixed findings. Two proxies audit firm tenure and audit firm size showed a significant positive effect while, audit fees and degree of competition showed non significant positive effect. Based on the empirical results above, the study recommended that firms are advised to consider use of industry specialist auditors against the consideration of ‘name’ alone such like the use of Big 4. Ebubechukwu, Jacinta O | Ofurum, Darlington I "External Auditors Independence on Accounting Quality of Nigerian Manufacturing Companies" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33021.pdf Paper Url :https://www.ijtsrd.com/management/accounting-and-finance/33021/external-auditors-independence-on-accounting-quality-of-nigerian-manufacturing-companies/ebubechukwu-jacinta-o}, added-at = {2020-10-03T07:31:54.000+0200}, author = {{Ebubechukwu, Jacinta O | Ofurum}, Darlington I}, biburl = {https://www.bibsonomy.org/bibtex/2db454ba381718dd481d53dec23e8821b/ijtsrd}, interhash = {56deb73231b2fdb70114a14f668382c7}, intrahash = {db454ba381718dd481d53dec23e8821b}, issn = {2456-6470}, journal = {International Journal of Trend in Scientific Research and Development}, keywords = {Aauditors Accounting Audit Finance and fees firm independence quality tenure}, language = {English}, month = aug, number = 5, pages = {944-949}, timestamp = {2020-10-03T07:31:54.000+0200}, title = {External Auditors Independence on Accounting Quality of Nigerian Manufacturing Companies}, url = {https://www.ijtsrd.com/management/accounting-and-finance/33021/external-auditors-independence-on-accounting-quality-of-nigerian-manufacturing-companies/ebubechukwu-jacinta-o}, volume = 4, year = 2020 }