Original Research Article | OPEN ACCESS
Board Independence and Audit Quality in Nigeria

For correspondence:-    

Received: 15 February, 2019        Accepted: 15 March, 2019        Published: 31 Marcch 2019

Citation: Board Independence and Audit Quality in Nigeria. Account Tax Rev 2004; 3(1):1-11 doi:

© 2004 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


The motivation for this study emanates from the perception that the production of a quality audit report fosters confidence in financial reports by the issuers of those reports. The paper examines the role of board independence in determining the audit quality of firms. The study utilised 71 non-financial firms for the periods 2009 to 2016. Audit quality was measured using a dummy variable of ‘1’ and ‘0’, with 1 representing the use of a big four auditor by the firm and 0 otherwise. Board independence was measured using the proportion of non-executive directors to total directors. The data collected was analysed using the binary logit regression analysis. The findings reveal that board independence is negatively related to audit quality. The study highlights the importance of having proper mix of competences on the board. The study recommends that the composition of non-executive directors as members of the board should be sustained and improved upon

Keywords: Accounting; Auditing; binary regression; board independence; Audit quality

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