| Summary, etc |
ABSTRACT<br/>This study aims to investigate the influence of self-review threat, self-interest threat, advocacy<br/>threat, intimidation threat and familiarity threat collectively on auditor’s independence and<br/>objectivity in Lagos State, Nigeria. The method employed for the study was a survey research<br/>design, in which data were collected through a well structured questionnaire instrument. The<br/>population of the study comprised all audit firms in Lagos State, while the Big4 audit firms were<br/>used as sampling frame for the study with convenience sampling technique. A total of 70 copies<br/>of administered questionnaire were returned and analysed for this study. The data was analyzed<br/>using multiple regression analysis. The study reveals that self-interest threat with p-value (0.140), self-review threat with p-value (0.324), advocacy threat with p-value (0.564), familiarity threat<br/>with p-value (0.600), as well as intimidation threat with p-value (0.540) have no significant<br/>influence on auditor’s independence. The study also reveals that self-interest threat with p-value<br/>(0.136), , advocacy threat with p-vale (0.116), and familiarity threat with p-value (0.33), have no<br/>significant influence on auditor’s objectivity, while self-review threat with p-value (0.007) as<br/>well as intimidation threat with p-value (0.002) have significant influence on auditor’s<br/>objectivity. In all, the study concludes that ethical threats have significant effect on auditor’s<br/>objectivity. It was therefore recommended that engagement partners should have enough respect<br/>for their own reputations and careers to encourage objectivity and effective use of safety<br/>measures. |
