Abstract
The objective of this study was to ascertain the effect of auditors rotation on audit quality with a focus on quoted deposit money banks in Nigeria from 2008-2017. Ex-post facto research design was adopted. Eleven banks were purposively selected amongst the quoted fifteen deposit money banks in Nigeria as at 31st December, 2017. This study made use of secondary data obtained from fact books, annual reports and account of selected banks under study. The panel data were subjected to statistical analysis using Pearson coefficient of correlation and simple regression analysis. The result of this study revealed that audit tenure has a significant effect on audit firm size, audit committee size and audit fee. The study recommends inter alia that auditor-client relationship should not exceed 3 years, because the auditor may develop close relationship with the client and become more likely to act in favour of management, resulting in reduced objectivity and audit quality.
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