Mandatory Auditor Rotation and Audit Quality in the Nigeria Financial Sector (Published)
The objective of this study was to provide evidence on the existence of a relationship between mandatory auditor rotation and audit quality in Nigeria firms. Ordinary least square (OLS) econometric technique was use to analyze the relationship between mandatory auditor rotation and audit quality. Findings reveal that there is a significant relationship between mandatory auditor rotation and audit quality. The other explanatory variables (Auditor type and Auditor Independence) considered alongside audit quality were found to be related to audit quality aside from Auditor Independence which shows a positive effect. The recommendation is that firms should make sure that they adopt mandatory auditor rotation and also seek the partnership of one of the big four (4) auditors if they want a quality audit report.
Keywords: Auditor, Mandatory, Rotation and Audit Quality