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ABSTRACT
This study Examined the relationship between audit firm attributes and firm performance using panel data of twenty-one listed consumer goods firms in the Nigeria Exchange Group for the period 2015 – 2022. The variables considered were firm performance proxied by return on assets, audit firm size, joint audit, audit fee and audit firm reputation. The study carried out a histogram normality test, Breusch-Pagan-Godfrey test of heteroskedasticity, Ramsey RESET model specification test, Serial correlation test, correlation analysis and regression analysis. The F-statistics indicated that all the explanatory variables taken together are statistically significant. The regression result revealed that audit firm size has a positive and significant relationship with firm performance. Joint audit was seen to be negatively related to firm performance. Also, the result revealed a negative and insignificant relationship between audit fee and firm performance at 5% significance level. Audit firm reputation maintains a negative and significant relationship with firm performance. The study recommended that those in charge of firms’ governance should ensure a proper bargain is made with audit firms to avoid an extremely high audit fee, which reduces firm profitability, thereby affecting their performance and audit firm reputation should be considered during the appointment of an external auditor.
