EFFICACY OF AUDIT FEE ON AUDIT QAULITY OF SELECTED PHARMACEUTICAL FIRMS IN NIGERIA DOI Creative Commons
Daud Omotosho Saheed, Ibrahim Majeed Ajibola, Lukman Adedoyin

et al.

Copernican Journal of Finance & Accounting, Journal Year: 2021, Volume and Issue: 10(1), P. 53 - 66

Published: Sept. 20, 2021

The problem of poor accuracy and credibility in some audited financial statement has being a major form information asymmetry which had led shareholders prospective investors to make wrong Judgment about the position organization due audit quality. Thus, Specifically this study empirically examine how fee, report lag as well mandatory auditor rotation affect quality sample listed pharmaceutical firms on floor Nigerian Stock Exchange. A GLS estimation method was employed clearly establish nature relationship that exists between dependent variable adopted surrogates for independent variables. Secondary data extracted from annual reports ten selected serve fair representation population under period years 2009-2019. result finding shows all were jointly significant explaining 72% variation given credence coefficient (R2) stood @ 0.72 combined p-value 0.000. This implies predictive power variables can explain changes study. In specific terms; Audit fee have positive impact while negative respectively. therefore recommends among many others policy makers regulators should put place framework will ensure payment optimal compensation firm no doubt go long way improving

Language: Английский

The Joint Determination of Audit Fees, Non-Audit Fees, and Abnormal Accruals DOI

Rick Antle,

Elizabeth A. Gordon,

Ganapathi S. Narayanamoorthy

et al.

SSRN Electronic Journal, Journal Year: 2002, Volume and Issue: unknown

Published: Jan. 1, 2002

Prior research has estimated piece-meal the determinants of audit fees, non-audit fees and abnormal accruals. Intuition, informal analysis, a variety theories suggest that accruals are jointly determined. We address this endogeneity issue by modeling confluence for services in system simultaneous equations.

Language: Английский

Citations

114
Audit consulting: EU practice DOI Open Access
Kostiantyn Bezverkhyi, Natalіia Poddubna

Foreign Trade Economics Finance Law, Journal Year: 2024, Volume and Issue: 135(4), P. 128 - 144

Published: Sept. 5, 2024

The dynamism of globalization processes, constant changes in legislation, the existence variability, and sometimes contradictions interpretation legislation standards regulating accounting, reporting auditing, are real challenges facing both domestic foreign businesses. In such conditions, professional assistance establishing business processes an economic entity, carrying out its optimization transforma-tional changes, assessing managing risks is integral part stability sustainable development. Audit consulting, as one separate types activity subjects audit activity, precisely necessary effective tool that helps businesses quickly navigate adapt to a dynamic environment. This why consulting becoming important lever for supporting enterprises achieving their goals ensuring financial stability. aim study reveal essence, purpose, objectives develop theoretical founda-tions considering international experience implementation practice. information base article were works scientists field auditing entities search alternative ways increase value society whole. During research, general scientific special methods used: generalization grouping, formalization, analysis synthesis; logical results. authorʼs approach revealing conceptual basis construction reality has been formed. process providing organi-zations with advice on issues related transactions, reporting, tax management decisions. based compliance certain principles ensure efficiency, reliability objectivity services clients. inevitable prospect, development may be task firms auditors working this field.

Language: Английский

Citations

0
The impact of audit quality on timeliness of financial reporting: evidence from GCC market DOI

Seraj Bahrawe

Journal of Islamic accounting and business research, Journal Year: 2024, Volume and Issue: unknown

Published: Nov. 22, 2024

Purpose This study aims to investigate the correlation between four major indicators of auditor quality: audit fees, size, non-audit services, tenure, financial reporting timeliness and publicly traded firms in United Arab Emirates (UAE). Design/methodology/approach Total report latency (TRL) is a metric used assess efficiency reporting. It depicts number days firm’s fiscal year-end date on which its annual reports are made available capital market website. A total 312 observations were identified from data collected over six years (2011–2016) non-financial companies listed UAE markets, such as Abu Dhabi Securities Exchange (ADX) Dubai Financial Market (DFM). The statistical methods that implemented included descriptive statistics multiple regressions. Findings revealed leverage profitability affect ARL. Nevertheless, there lack empirical evidence substantiate impact firm services or tenure TRL. Practical implications Based results, TRL significantly reduced by fees alone. substantial effort exerted auditors complete work time, particularly when high paid, may account for this outcome. Despite this, scale firm, could not further reduce Originality/value markets relatively recent developments. Thus, corporations might adopt more lax approach enforcing regulatory obligations. Local international investors require timely audited statements facilitate decision-making dispel speculation. Determining quality attributes decrease advantageous companies.

Language: Английский

Citations

0
EFFICACY OF AUDIT FEE ON AUDIT QAULITY OF SELECTED PHARMACEUTICAL FIRMS IN NIGERIA DOI Creative Commons
Daud Omotosho Saheed, Ibrahim Majeed Ajibola, Lukman Adedoyin

et al.

Copernican Journal of Finance & Accounting, Journal Year: 2021, Volume and Issue: 10(1), P. 53 - 66

Published: Sept. 20, 2021

The problem of poor accuracy and credibility in some audited financial statement has being a major form information asymmetry which had led shareholders prospective investors to make wrong Judgment about the position organization due audit quality. Thus, Specifically this study empirically examine how fee, report lag as well mandatory auditor rotation affect quality sample listed pharmaceutical firms on floor Nigerian Stock Exchange. A GLS estimation method was employed clearly establish nature relationship that exists between dependent variable adopted surrogates for independent variables. Secondary data extracted from annual reports ten selected serve fair representation population under period years 2009-2019. result finding shows all were jointly significant explaining 72% variation given credence coefficient (R2) stood @ 0.72 combined p-value 0.000. This implies predictive power variables can explain changes study. In specific terms; Audit fee have positive impact while negative respectively. therefore recommends among many others policy makers regulators should put place framework will ensure payment optimal compensation firm no doubt go long way improving

Language: Английский

Citations

3