AUDIT REPORT QUALITY AND FINANCIAL PERFORMANCE OF LISTED MANUFACTURING COMPANIES IN NIGERIA: EVIDENCE OF DANGOTE FLOUR PLC

The aim of this study was to examine Audit Report Quality and Financial Performance of listed Manufacturing Companies in Nigeria: Evidence of Dangote Flour Plc. The study is to assess financial risk management and financial performance of Deposit Money Banks in Nigeria sacrosanct in the research. In order to do this survey and ex-post facto research designs were adopted in the study. The population of 27 staff of Dangote Flour Plc. was considered. Primary and secondary methods of data collection were used in gathering relevant data for this research. The primary source adopted was the use of administered questionnaire while the secondary source adopted was the use of annual report from Dangote Flour Plc, from 2014 to 2023. Purposive Sampling Technique was used to select a sample size of (25) respondents for the study using Taro Yamani formula. Data were collected, coded and analyzed using simple linear regression analysis also simple percentages and frequency tables were used to analyze the responses from respondents. Findings reveal that the effect of Audit Fess on Return on Asset of Dangote Flour Plc include: increased audit fees as a cost factor, audit quality and improved financial reporting, compliance and corporate governance and audit fees and firm size. The finding also reveal that the effects of Audit Committee on Return on Asset of Dangote flour Plc include: improved financial oversight and control, ensuring regulatory compliance, enhancing corporate governance and audit committee composition and expertise. It was recommended that the management of manufacturing companies in Nigeria should not increase the number of Non-Executive Directors in the Audit Committee as having more of the on-executive directors on the board has not board has not been proven to be statistically significant.