Audit Quality and Financial Reporting Credibility of Quoted Deposit in Money Banks in Nigeria

Abstract

This study investigated the nexus between audit quality and the financial reporting credibility among listed Deposit Money Banks (DMBs) in Nigeria from 2011 to 2021.Audit firm tenure was used as a proxy of audit quality whilefinancial reporting credibility reportingwas measured by audit assurance and financial reporting quality as indicators of this research. Based on these proxies, the study established the research hypotheses. Related and existing literatures were obtained from prior studies. The ex-post facto research design was adopted for this study considering the nature of the data. Secondary data were gotten from the financial statements and the CBN statistics bulletin of deposit money Banks. Hypotheses were tested using the Ordinary Least Square (OLS) technique of regression. Findings reveal that audit firm tenure has a significant positive effect on financial reporting quality, but its effect on audit assurance is not statistically significant. The results highlight that longer auditor eng