EFFECT OF AUDIT QUALITY CONTROL ON MANAGEMENT OF BUSINESS A STUDY OF PZ CUSSONS ABA

This research work examined into the role of audit practice in the performance of Pz cussons Company and was borne out of the fact that there has been an unsolved issues regarding the potency of audit firms and their credibility in financial audit of corporate organization. The objective of the study was to examine the effect of audit components such as audit independence, audit reputation and audit qualification on firm performance of PZ Cussons in Aba. To achieve the objective three hypotheses were formulated for testing. The survey research design was adopted and data collected from primary and sources. Questionnaires were administered to hundred (100) respondents judgmentally selected for the analysis of variance (ANOVA). The findings revealed that audit independence practice, audit reputation and audit qualification and proficiency have positive significant effect on firm performance. It was concluded that in the face of unethical reporting behavior of firms, audit firm's role of independence, reputation and proficiency of auditors cannot be over emphasized. It was therefore recommended amongst others from the findings of the study that audit firms invest heavily in training and programmes that enhances auditors' independence, reputation and qualification.