Determinants of Audit Fees on Auditor Fees of Listed Agricultural Firms in Nigeria

This study examined the extent external audit fees determinants affected the audit fees of Nigerian agricultural firms, using client size, client profitability and audit firm size as the independent variables. Ex-Post facto research design was adopted for the study. A sample of five (5) agricultural firms in Nigeria was used. Data were extracted from annual reports and accounts of listed agricultural firms in Nigeria spanning from 2013 to 2023. Multiple regressions analysis was employed to test the hypotheses vis E-view 9.9. Based on the results, the study found that that client size has a negative and insignificant effect on audit fees of agricultural firms in Nigeria. This study revealed that client profitability has a negative and significant effect on audit fees of agricultural firms in Nigeria. The study also showed that audit firm size has a positive and significant effect on audit fees of agricultural firms in Nigeria. Based on the findings, the study recommended among others that Client size has a negative and insignificant effect on audit fees, the client’s firm size should be used as a major criterion in the determination of audit fees in Nigeria. They also have enough financial resources to recruit big international audit firms. Hence, large size companies would pay higher fees than small ones.