INTERNAL AUDIT AND FINANCIAL REPORTING QUALITY IN NIGERIA

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ABSTRACT

The main goal of this study was to investigate how internal audit affected the caliber of financial reporting in Nigerian manufacturing companies. The specific goals included examining the impact of internal control systems, internal audit processes, and internal audit standards on the caliber of financial reporting in Nigeria.

 All the companies listed on the roster of the Producers Association of Nigeria made up the population. We used both primary and secondary data. The Manufacturers Association of Nigeria's listed firms' audited and publicly available financial statements gave information on the level of the financial reporting. The data was analyzed using both qualitative and quantitative methods. The top management support, auditor independence, auditor professional proficiency, and auditor work quality were found to be the independent variables that had the greatest influence on the accuracy of financial reporting.

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