Auditors' type and quality of audit of resources companies in Nigeria

Audit quality is often investigated; though as a function of financial reporting. It is rare to treat audit quality within the context of auditors’ characteristics. Audit quality is a desirable state but it comes with price of several factors or determinants. In this study, we concentrate on the role of auditors’ type (independence, auditors’ switching, audit report timeliness, joint auditor, audit opinion and tenure) with quality audit among resources corporations. The population and sample size were the same size of 16 resources firms since the number of small and therefore census sampling technique was adopted. The period of study was 10 years starting from 2010 to 2019. Data were collected from MachameRatios website using content analysis for the 16 resources corporations and analysed using descriptive (mean, standard deviation, minimum mean and maximum mean) and inferential statistics (correlation matrix and multiple regression analysis). Findings show that audit independence, report timeliness show significant effects. However, auditor switching and audit tenure are not significant. Audit opinion and joint auditor were dropped by the models. In this paper, we contribute to knowledge by exploring the position of audit independence, audit report timeliness, auditor switching and audit tenure to audit quality. We recommend that audit independence and audit report timeliness should be encouraged, while audit switching and audit tenure should be discouraged.