AUDITORS INDEPENDENT AND FINANCIAL REPORTING QUALITY OF TELECOMMUNICATION COMPANIES IN RIVERS STATE

This study investigated the relationship between auditor’s independence and financial reporting quality of telecommunication companies in Rivers State, Nigeria. To achieve the set objective of this study. This study investigated the relationship between auditor's independence and financial reporting quality extensive literature on auditor's independence and financial reporting quality were reviewed. Auditor' independence is provided by audit tenure and audit fees while financial reporting quality is proved by telecommunication companies in Rivers state. The study adopted judgmental sampling techniques to faithful representation and timeliness. The population of this study consisted of four major select the study sample size. Primary data were collected by means of questionnaire, data were analyzed by means of distributive statistics and Pearson's Product Moment Coefficient of Correlation timeliness of financial report. Evidence showed that audit fees had positive significant impact on The findings showed that: audit tenure had positive significant impact on faithful representation and faithful representation and timeliness of financial report. Evidence also showed that auditor independence had positive and significant impact of financial reporting quality of telecommunication reporting quality of telecommunication companies in Rivers State. Auditors should be remunerated on companies in Rivers State. The study concluded that auditor's independence improved financial the basis of work experience, qualifications duration of the audit assignment and background profile to enhance financial reporting quality. The study recommended regulation on the disclosure of total audit fee to strike a balance between abnormal high fees and low fee to set a standard that will enhance financial reporting quality. Accounting and audit regulatory body should set standards on auditors' tenure to enhance financial reporting quality. Mandatory rotation of auditors should be established in audit standard and accounting to help safeguard auditor's independence and improve the financial reporting quality.