Effect of Annual Audit Report on Financial Report Quality of Listed Consumer Goods Firms in Nigeria

Abstract

The study examined audit report practice and financial reporting quality of consumer’s goods firms listed in Nigeria. Data were sourced from the annual reports of selected firmsfor seven (7) years from 2012-2018. The study used multiple regression analysis to test the hypotheses. The study discovered that Audit report has positive insignificant impact on annual financial reporting quality of listed consumer’s goods firms in Nigeria. Based on the findings, it was recommended that the supervisory authorities should reinforce their activity in relation to the aspects addressed herein as relevant to auditor change, as a means of being able to correctly monitor the manner in which audits are conducted and the manner in which the conclusions are supported by these situations, with the aim of guaranteeing that auditors´ independence cannot be influenced, and that the assumption of the importance of the audit report to stakeholders is not affected.