IMPACT OF AUDIT QUALITY ON FINANCIAL REPORTING TRANSPARENCY OF MEDIUM SCALE ENTERPRISES IN KANO-NIGERIA
Keywords:
Audit Quality, Financial Reporting Transparency, Kano State, Medium Scale Enterprises (MSEs).Abstract
This study examined the impact of audit quality on financial reporting transparency of Medium Scale Enterprises (MSEs) in Kano State-Nigeria. The study employed survey research design using structured questionnaire. The population of the study comprised of entire self-employed individuals who engaged in trade, profession or vocation who are registered with Small and Medium Enterprises Development Authority (SEMEDA) in Fagge Local Government Area of Kano State-Nigeria on or before December, 2024 who are engaged in various Small and Micro Scale Enterprises in Fagge LGA in Kano State, Nigeria that cut across manufacturing, trading, and service sectors. The managers or owners of MSEs in Fagge LGA in Kano State of Nigeria who are responsible for decision making are the participants in this study. The respondents include three hounded (300) self-employed individuals owners of the business in Fagge LGA. Both descriptive and inferential statistics were employed for the purpose of the data analysis. Descriptive statistics include frequency tables and percentage count while inferential statistics such as regression analysis was used to examine the effect of audit quality on financial reporting transparency of MSEs in Kano State-Nigeria. Findings from the regression analysis showed that audit quality has positive and significant impact on financial reporting transparency of MSEs in Kano State-Nigeria. It was concluded that audit quality influence financial reporting transparency of MSEs in Kano State-Nigeria. The study recommended, among other things managers should view audit quality and financial reporting transparency not only as regulatory compliance requirements but also as strategic imperatives for long-term value creation and stakeholder trust.
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