ABSTRACT
This research was carried out in order to identify the
determinants of auditor's independence on financial performances of companies
in Nigeria. The various determinants of auditors independence were ascertained
and its impact on financial performance of companies critically analysis.
However, if audit is to improve financial performance of companies, there must
be credibility and reliability as regards financial information presented by
the independent auditors. Hence, this study is a movement towards improving the
quality of audit practice in Nigeria to forestall the prevailing credibly
crisis and loss of confidence in the auditor because of failure of most
companies in Nigeria. In conducting the research, both primary and secondary data
were used. The study captured the opinion of respondents, which comprises of
auditors, shareholders, brokers, analysts, regulators, management, academic and
other users of financial information, using two hundred and seventy-five (275)
returned and usable copies of questionnaires, while the secondary data were
obtained from textbooks, journals, magazines and other related literatures. The
data gathered were used to answer and test the research questions and
hypotheses respectively, among which is that, there is no significant effect of
auditors independence on financial performances of companies in Nigeria
resulting to the recommendation for the shifting of the auditors nomination
process from the managers to the members of audit committee and major stakeholders,
mandatory rotation of auditors and prohibition of non-audit service by
auditors, etc. in order to restore auditors independence for an enhance
financial performance of companies in Nigeria.
OKORONKWO, G (2021). Determinants Of Auditors Independence On Company's Financial Performances In Nigeria (A Case Study Of Selected Firms In Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/determinants-of-auditors-independence-on-companys-financial-performances-in-nigeria-a-case-study-of-selected-firms-in-abia-state-7-2
GIDEON, OKORONKWO. "Determinants Of Auditors Independence On Company's Financial Performances In Nigeria (A Case Study Of Selected Firms In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 11 Nov. 2021, https://repository.mouau.edu.ng/work/view/determinants-of-auditors-independence-on-companys-financial-performances-in-nigeria-a-case-study-of-selected-firms-in-abia-state-7-2. Accessed 01 Nov. 2024.
GIDEON, OKORONKWO. "Determinants Of Auditors Independence On Company's Financial Performances In Nigeria (A Case Study Of Selected Firms In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 11 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/determinants-of-auditors-independence-on-companys-financial-performances-in-nigeria-a-case-study-of-selected-firms-in-abia-state-7-2 >.
GIDEON, OKORONKWO. "Determinants Of Auditors Independence On Company's Financial Performances In Nigeria (A Case Study Of Selected Firms In Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/determinants-of-auditors-independence-on-companys-financial-performances-in-nigeria-a-case-study-of-selected-firms-in-abia-state-7-2