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AUDIT QUALITY AND CORPORATE GOVERNANCE: INSIGHTS FROM NIGERIA'S BREWERY SECTOR

Ifeanyi Chukwuma Ezeokafor·Adaobi Nkechi Nwankwo
Published 16 January 2025
Vol. 11, No. 1 (2023)
pp. 15-30
CC BY 4.0
  1. 1
    Ifeanyi Chukwuma Ezeokafor
    Department of Accountancy, Nnamdi Azikiwe University, Awka Anambra State, Nigeria
    NG
  2. 2
    Adaobi Nkechi Nwankwo
    Department of Accountancy, Faculty of Management Sciences, Chukwuemek A. Odumegwu Ojukwu University Igbariam Campus, Anambra State
    NG

This study analyzed the effect of corporate governance on audit quality of selected brewery firms in Nigeria for a period of ten years spanning 2011-2020. The study employed ex-post facto and longitudinal research design. The secondary sources of data were collected from annual reports of the selected brewery firms quoted in their Nigeria Exchange Group and four (4) specific objectives and hypotheses were subjected to some preliminary data tests such as descriptive statistic, and Pearson correlation analysis and were analyzed using binary logistic regression analysis. Audit quality was used as the dependent variable, while board financial expertise, board size, board independence, and board meeting were used as the independent variables. Utilizing data from a sample of 40 firm year observations, we found that the proportion of non-executive directors and board size has positive and significant effect on audit quality. Based on the findings from the study, we therefore recommend that board size should be increased to a maximum number of six members for improved audit quality and quick decision making in relation to audited financial report. Also, Nigeria breweries should ensure that their board is composed of independent persons, with high level of integrity that can match words with action to improve their audit quality.

JournalInternational Journal of Banking and Financial Services
ISSN3065-0615
Volume / IssueVol. 11, No. 1 (2023)
Pages15-30
Published16 January 2025
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Ezeokafor , I., Nwankwo, A. (2025). AUDIT QUALITY AND CORPORATE GOVERNANCE: INSIGHTS FROM NIGERIA'S BREWERY SECTOR. International Journal of Banking and Financial Services, Vol. 11 No. 1, pp. 15-30

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