The assessment of auditors’ independence on financial reporting; Nigerian experience
Olanlokun Adewale E, Dr. S Subramani I
The study was carried out in order to examine the assessment of auditors’ independence on financial reporting; Nigerian experience. The study aimed at evaluating and assessing the interaction between audit quality and corporate financial reporting in Nigeria. Hence the study is a movement towards improving the quality of audit practice in Nigeria. In conducting this study, primary data were used, out of which one hundred and fifty (150) copies of questionnaire were properly filed and returned. This study captured the opinion of respondent of professional accountants and corporate entities in Lagos State, Nigeria. The data collected were analyzed using the frequency distribution table and percentage. The study questionnaire gathered was used to test the research hypothesis through the use of Analysis of variance. The findings revealed that there is a significant relationship between audit quality and the quality of financial reporting with recommendations to four key stakeholders such as Management, Government, Auditors and Higher Institution of Learning.