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ABSTRACT
The objective of the study was to ascertain audit cost, engagement and rotation of audit in Nigeria Secondary data were obtained from fifiteen food and beverages firms in Nigeria from 2017-2022. Three hypotheses were raised and evaluated using the Binary Logit estimator. It was revealed that: audit fees significantly and positively affect the audit quality of listed food and beverage firms in Nigeria; there is an insignificant negative relationship between audit engagement and audit quality of listed food and beverage firms in Nigeria; and no statistically significant relationship was found between audit firm rotation and audit quality of listed food and beverage firms in Nigeria. Based on this, it was recommended that: regulatory bodies and firms should prioritize developing a transparent and appropriate fee structure; firms and regulatory bodies should delve deeper into understanding the specific attributes of audit engagements that could be optimized for enhanced audit quality which could involve retraining of auditors, emphasizing continual professional development, and adopting best practices from regions or sectors where audit engagement correlates more strongly with audit quality; and regulatory bodies might reconsider the need for strict mandatory audit rotation policies, if any are in place as the idea behind audit rotation is to prevent complacency and ensure fresh perspectives.
