EFFECT OF AUDIT FEE AND AUDIT FIRM AGE ON FINANCIAL PERFORMANCE OF QUATED CEMENT COMPANIES IN NIGERIA
Haruna Hafsat Ruggah
Volume 4 Issue 2
Abstract
This study investigates the impact audit fee and audit firm age on Financial Performance of quoted Cement Companies in Nigeria. The study specific objectives are to examine the impact of audit fees and audit firm age on financial performance (ROA). The population of the study is made up of 3 quoted Cement Companies on the NGX as at 2021. Data is secondary in nature and was sourced from the annual reports and accounts of the sampled Cement Companies from 2013-2021. The finding of the study indicated audit fee has significant relationship with financial performance, while, audit firm age has insignificant association with financial performance among cement companies. The management of these Cement Companies should ensure that they pay the auditors the audit fees charged as and when due, they must ensure that they don’t owe the auditors any fees after the end of their audit assignments. The audit firms charged with the responsibility of examining the accuracy and fairness of the reports and accounts of these Cement Companies must ensure that they continue to gain more professional knowledge and must abreast themselves with the current happenings in the field of auditing and constant changes in the Cement industry. Keywords: Audit Quality, Audit Fee, Audit Firm Age and Financial Performance.
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