THE NEXUS BETWEEN BOARD CHARACTERISTICS AND AUDITOR SELECTION DECISIONS AMONG LISTED CONSUMER GOODS FIRMS IN NIGERIA
Bilkisu, Mohammed Ovosi and Jimoh, Ihiovi Ojo
Volume 5 Issue 1
Abstract
This study examined how board characteristics affect the selection of auditors by listed consumer goods firms in Nigeria. The population of the study covers all twenty (20) consumer goods companies listed on the floor of the Nigerian Stock Exchange. Secondary data utilized for the study are collected from the annual reports of companies from 2016 to 2022. Pearson’s correlational analysis was used to determine the extent of the relationship between the variables. Binary regression logistics was used to reject or fail to reject the formulated hypothesis. Estimations of the coefficient of the model was carried out using the result of the regression analysis. The study concluded that board gender is an important factor in the selection of high quality auditors by consumer goods firms. It was recommended that more female directors should be allowed to take an active part in the day-to-day activities of the firm to boost their operational efficiency. Keywords: Board Characteristics, Auditor Selection, Decision
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