IMPACT OF AUDIT CHARACTERISTICS ON THE PERFORMANCE OF LISTED CONSUMER GOODS IN NIGERIA.

Abstract

This study is aimed at investigating the impact of audit characteristics on the performance of listed consumer goods in Nigeria. The study employed ex post facto panel quantitative research design which involves collection of data from ten (10) listed companies in the Nigerian consumer goods sector over a period of ten (10) years covering 2011 – 2020. Data analysis included descriptive and inferential statistics. Descriptive statistics included computation of percentages, means, and standard deviation. Inferential statistics implored consist of multiple and moderated regression analyses. It was found that audit firm size has a significant positive relationship with return on asset. It was further found that audit fees have no significant impact on return on asset. However the study revealed that there is a significant but negative impact between audit tenure and return on asset. More findings revealed non-significant effect of audit independence and return on asset.