AUDITORS CHARACTERISTICS AND AUDIT QUALITY

ABSTRACT

The study critically examines the effect auditor’s characteristics has on audit quality in listed commercial banks in Nigeria.The objectives of this study is to determine the relationship between audit delay,audit tenure and audit quality. The study employed a short period of four(4) years (2018-2021) and a unit of thirteen banks quoted on the Nigeria Exchange Group. Data were sourced from the annual reports and statement of account of the selected banks. The techniques used for analysis consists of multiple regressions using probit model, ordinary least square (OLS) and correlation. The results of the study showed that audit delay (AUDD) has a significant negative impact on audit quality. The result highlights the importance of timely audits, indicating that organizations and auditors should prioritize minimizing audit delays to enhance audit quality. The study also revealed a positive relationship between audit tenure (AUDTEN) and audit quality. The coefficient suggested that on average, a 1% increase in audit tenure leads to a 1% increase in audit quality.The study recommends further investigation into the relationship between audit tenure and audit quality with the inclusion of other variables in order to establish statistical significance conclusively.