EFFECT OF AUDIT QUALITY ON AUDIT REPORT LAG AMONG LISTED FIRMS IN NIGERIAN EXCHANGE GROUP

Authors

  • DAGWOM YOHANNA DANG HOD Public Sector Accounting, ANAN University, Kwall, Plateau State University – Nigeria Author
  • MAKUT IBRAHIM MAREN Department of Auditing and Accounting, ANAN University, Kwall, Plateau State – Nigeria Author
  • DESHI NENTAWE NENGAK Department of Auditing and Accounting, ANAN University, Kwall, Plateau State – Nigeria: Author

Keywords:

Audit Firm Size, Audit opinion, Audit report lag, audit quality

Abstract

In Nigeria, various factors contribute to the issue of audit reporting lag among listed firms in Nigerian Exchange Group, with audit quality being one of the key contributors. The study examined the effect of audit Firm Size and Audit Opinion on audit report lag among listed firms in Nigerian Exchange Group from 2016 - 2023. The study specifically examines the effects of audit firm size and audit opinion on audit report lag. A quantitative approach was adopted, grounded in the positivist paradigm. Data analysis techniques, including descriptive statistics, correlation, and regression analysis, were used to evaluate the relationships between the audit qualities and audit report lag. The results indicate audit that firm size does not significantly influence audit report lag. However, audit opinion has positive and significant effects, suggesting that firms with higher audit fees or unfavorable audit opinions experience longer audit report lags. The study concludes that while audit firm size is not a determinant of audit report lag, audit opinion is. Larger firms tend to have shorter audit report lags, indicating greater efficiency in their audit processes. The study recommended that regulatory bodies to focus on streamlining the audit process through the adoption of advanced technologies that expedite financial reporting.

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Published

2025-10-01

How to Cite

DAGWOM, Y. D., MAKUT, I. M., & DESHI, N. N. (2025). EFFECT OF AUDIT QUALITY ON AUDIT REPORT LAG AMONG LISTED FIRMS IN NIGERIAN EXCHANGE GROUP. ANUK College of Private Sector Accounting Journal, 2(2), 99-107. https://www.anukpsaj.com/psaj/article/view/121

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