DETERMINANTS OF AUDIT REPORT LAG: EVIDENCE FROM QUOTED MANUFACTURING FIRMS ON THE NIGERIAN STOCK EXCHANGE
Keywords:
Audit Report Lag,, Audit Tenure,, Client Size, Board Size, Audit Firm Size, CEO duality, Board Independence, Agency TheoryAbstract
This study investigates the determinants of audit report lag of quoted manufacturing firms in Nigeria. The study specifically examines the effect of audit tenure, client size, board size, audit firm size, CEO Duality and board independence on audit report timeliness of quoted manufacturing firms. The study is anchored on agency theory. The study adopts the ex-post facto research design. The sample comprised of sixty six (66) manufacturing firms quoted on the Nigerian Stock Exchange (NSE) as at 31st December
- The study used secondary data obtained from annual reports and accounts. The data were analysed using multiple regression technique. The results showed that audit tenure and board size were negative but not statistically significant. The surrogate for client size was positive but not significant; while, audit firm size, board independence, and CEO-duality were all positive and significant. Consequent on these findings, it was recommended amongst others that, companies maintain audit firms for a reasonable amount of time before rotation. Studies have shown that large and internationally affiliated audit firms conduct their audit assignments relatively faster than smaller firms. It is recommended that companies employ the services of audit firms relative to the size of the firm.
Downloads
Published
Issue
Section
License
Copyright (c) 2019 Journal of Global Accounting

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Articles submitted to JOGA should not have been published or are currently under review by another Journal. Kindly see the guide for the preparation of the manuscript for details. Successful submission of articles by author(s) for publication clearly implies that the work is not an infringement of any existing copyright warranty as JOGA reserves the right to be indemnified by the author(s) where any breach of such warranty is proven. For ease of dissemination and to ensure proper policing of use, papers and contributions become the legal copyright of JOGA once published unless otherwise agreed.
Permission clearance should be obtained by the author(s) where applicable for the use of any content of interest not originally created by them. This must be done before the submission of the article to JOGA. Failure to do so may lead to a lengthy delay in publication, as JOGA is unable to publish any article which has permissions pending. Thus, the rights JOGA requires are:
- Non-exclusive right to reproduce the material in the article or book chapters.
- Print and electronic rights.
- To use the material for the life of the work (for instance, there should be no time restrictions on the re-use of material).
Where tables, figures or excerpts of more than 250 words are reproduced from another source, it is expected that:
- Author(s) should obtain the necessary written permission in advance from any third-party owner of the copyright for the use in print and electronic formats of any of their text, illustrations, graphics, or other material in their manuscript. Permission must also be cleared for any minor adaptations of any work not originally created by the author(s). The author (s) should not assume that any content freely available on the web is free to use.
- Where the author adapts a significant number of any material, the author(s) must inform the copyright holder of the original work.
- Author obtains any proof of consent statements
- The author must acknowledge figure(s) and content adopted or adapted in work utilizing source(s) and further capture them in the list of references.