AUDIT FEES AND AUDITOR’S TENURESHIP: PERCEPTION OF SELECTED AUDIT FIRMS IN NIGERIA

Résumé

This study examined Audit Fees and Auditor’s Tenureship:  Perception of Selected Audit Firms in Nigeria. The theory on which the subject of the study was based was the Agency Theory. The Population of the study comprises Two Thousand, Four Hundred and Sixty One (2461) Selected Licensed Audit Firm operating in Nigeria. The sample size of the study is 185 Selected Licensed Audit Firm operating in Nigeria which was determined by Taro Yamane. Six (6) Questionnaire items were drawn from Two (2) Research Questions which were administered directly to the ICAN and ANAN Licensed practicing members using the method of Telephonic Interviewing, Google Form, Emailing and on the spot administering. Descriptive statistics (Mean and Standard Deviation were used as method of statistical tool. The major findings are:  Audit Fees has a significant relationship with Auditor’s Tenure. Clients (Auditee) company’s profitability plays significant role in auditor’s tenure. It is therefore recommended that auditee as a company should consider her profitability index before fixing audit fee that eventually determine the auditor’s tenure.