Overview

Original Research

DETERMINANTS OF PROVISION OF NON-AUDIT SERVICE IN SELECTED LISTED INSURANCE FIRMS IN NIGERIA

MICHAEL ROTIMI SANNI 1, EMMANUEL ABIODUN ALAGBE 2, MORUFU OLADEHINDE OLADEJO 3, and BABATUNDE MOSES OLOLADE 4.

Vol 19, No 01 ( 2024 )   |  DOI: 10.5281/zenodo.10559732   |   Author Affiliation: Lead Author, Department of Accounting, Redeemer’s University, Ede, Osun State, Nigeria 1; Department of Accounting, Ladoke Akintola University of Technology, Ogbomoso, Oyo State, Nigeria 2,3; Department of Accounting, Redeemer’s University, Ede, Osun State, Nigeria 4.   |   Licensing: CC 4.0   |   Pg no: 675-694   |   Published on: 18-01-2024

Abstract

Various factors influence accounting companies' supply of Non-Audit Services (NAS) beyond routine audits. Internal controls, risk assessment, and customized guidance for risks unique to the insurance business are all covered by NAS to improve risk management in insurance organizations. This study used financial data to assess NAS variables in ten listed insurance businesses in Nigeria. Significant NAS factors, such as audit fee, auditor firm size, cash flow, and auditor tenure, were found by regression analysis. The study stresses the need of preserving auditor independence and integrity and recommends that giving priority to these factors is essential.

Keywords

Auditors’ Fee; Auditors’ Tenure, Determinants; Leverage; Non-Audit Service.