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Audit Tenure: An Assessment of its Effects on Audit Quality in Nigeria

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Listed:
  • Segun Idowu Adeniyi

    (Nnamdi Azikiwe University)

  • Ebipanipre Gabriel Mieseigha

    (Nnamdi Azikiwe University)

Abstract

The purpose of this study is to examine the relationship between the tenure of auditor and audit quality in Nigeria. The Binary Logit Model estimation technique was use to analyze the relationship between the tenure of an auditor and audit quality. Further research should consider other vital variables that affect audit quality such as non-audit services. Findings reveal that there is a negative relationship between auditor tenure and audit quality though the variable was not significant. The recommendation is that there is the need for the financial reporting council and other regulatory bodies in line with best practices to look critically into the issue of auditor tenure and its impact on audit quality in Nigeria.

Suggested Citation

  • Segun Idowu Adeniyi & Ebipanipre Gabriel Mieseigha, 2013. "Audit Tenure: An Assessment of its Effects on Audit Quality in Nigeria," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(3), pages 275-283, July.
    • Handle: RePEc:hur:ijaraf:v:3:y:2013:i:3:p:275-283
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    References listed on IDEAS

    as
    1. Arrunada, Benito & Paz-Ares, Candido, 1997. "Mandatory rotation of company auditors: A critical examination," International Review of Law and Economics, Elsevier, vol. 17(1), pages 31-61, March.
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    Cited by:

    1. Ruth ODIN & David Jerry OZIEGBE, 2022. "Auditors’ Independence, Audit Tenureship, Firm Characteristics And Audit Quality: Evidence From Nigeria," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(3), pages 66-73, October.
    2. Ruth Odin & David Jerry Oziegbe, 2022. "Auditors’ Independence, Audit Tenureship, Firm Characteristics and Audit Quality: Evidence from Nigeria," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 25(84), pages 54-68, December,.
    3. Wisdom Kalabeke & Muhammad Sadiq & Ooi Chee Keong, 2019. "Auditors Tenure and Financial Reporting Quality: Evidence from a Developing Country," International Journal of Asian Social Science, Asian Economic and Social Society, vol. 9(5), pages 335-341, May.
    4. Chizoba Mary Nwoye & Alphonsus Sunday Anichebe & Ifeanyi Francis Osegbue, 2021. "Effect of Audit Quality on Earnings Management in Insurance Companies in Nigeria," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 7(2), pages 173-202, April.
    5. Seyed Mahmoud Hosseinniakani & Helena Inacio & Rui Mota, 2014. "A Review on Audit Quality Factors," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 243-254, April.
    6. Dorris Serem & Dr. Rashid Fwamba & Dr. Alala Benedict, 2020. "Audit Fees and Financial Performance of Deposit Taking Saccos in North RIFT, Kenya," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 6(5), pages 15-27, December.

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