AUDIT ATTRIBUTES AND FINANCIAL REPORTING QUALITY OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

External audits play a pivotal role in assuming the quality of financial reports, which company stakeholders rely on to make economic decisions about a firm. The main objective of study is to examine the impact of external audit attributes on financial reporting of listed industrial goods firms in Nigeria. The specific objectives to examine the impact of audit fees, audit firm size, audit tenure and audit independence on the financial reporting quality of listed industrial goods firms in Nigeria. Secondary data was extracted from the annual report of the thirteen listed industrial goods firms from 2014 to 2023 financial year end. Regression analysis was used to analyze the unbalanced 102 firm-year observations obtained. It was found that while audit independence has a significant negative (β = -5.552, p-value < 0.05) impact of financial reporting quality, audit fees, audit firm size and audit tenure had no significant impact on financial reporting quality. It was recommended that companies should always ensure the independence of external to assure the quality of financial reports. It was concluded that audit independence affects quality of financial reports.