ABSTRACT

The purpose of this study was to investigate the impact of audit quality indicators on selected manufacturing quoted firms in Nigeria. The  specific  objectives  of  the  study  were  to  determine  whether  Industry proficiency and expertise, audit firm's value, audit firm's size and reputation and audit reporting have impact on audit quality indicators on selected manufacturing quoted firms in Nigeria. The research used a descriptive research design and a sampling method (regression analysis) for the achievement of the study objectives. The sample size comprises yearly datasets spanning a determined period of 6years (2018 - 2023). The target population for this study was made up  of five(5) selected manufacturing quoted firms in Nigeria.

The study utilized statistical package for social sciences which were presented in tables, mean and  standard deviation.The study revealed that Audit firm's value (AFV) has a significant negative impact on audit quality. The study went further to show that Industry expertise and proficiency and Audit size and reputation has a negative impact but but was not statistically significant while audit reporting was found to have a positive impact on audit quality as revealed by the positive coefficient value.

The study recommended that Audit firms should engage in training and development programme to meet challenging needs in the industry. Quoted firms should strengthen internal audit controls to supplement external audit integrity of financial reporting and maintain auditor independence. Rotation of Audit firms should be encouraged to bring fresh perspective to prevent over familiar relationship.

Keywords: Audit quality, Audit quality indicators, Audit firm's value, Audit firm's size and reputation, Industry proficiency and expertise, Audit reporting.