Auditors Industry Specialization and Tax Aggressive of Listed Fast Moving Consumer Goods Firms in Nigeria

Okewole Jacob Akintunde; Olatunji Toyin Emmanuel

doi:10.56201/jafm.vol.11.no12.2025.pg166.175

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Auditors Industry Specialization and Tax Aggressive of Listed Fast Moving Consumer Goods Firms in Nigeria

Okewole Jacob Akintunde, Olatunji Toyin Emmanuel

Abstract

The study investigated the effect of auditor industry specialization on tax aggressiveness of listed Fast Moving Consumer Goods (FMCG) Firms in Nigeria. The study adopted ex-post facto research design using all the 21 listed firms that constitute population of FMCG firms in Nigeria as at 31st December, 2023. Maximum variation purposive sampling technique was used to select 10 listed FMCG firms. Secondary data were obtained from the annual financial reports of the selected listed FMCG firms in Nigeria from 2012 to 2023. Finding from the study revealed that auditors' industry specializations have positive and significant effect on CETR (p=0.015). The study concluded that auditors' specializations have influence on tax aggressiveness of listed FMCG firms in Nigeria. It is therefore recommended that audit firms whether Big 4 or Non Big 4 with more than 20% market shares within consumer goods industry should be regulated by relevant tax authorities and professional bodies.

Keywords

Auditors' Industry SpecializationCash Effective Tax Rate

References

Abdulkadir, K.I., Issa, O.I. & Yunusa, Y.D.(2020). Impact of Firm Specific Attributes on Corporate Tax Aggressiveness of Listed Manufacturing Firms in Nigeria. Gusau Journal of Accounting and Finance, 1(2), 19-19. Akintoye, I.R., Adegbie, F.F. & Onyeka-Iheme, C.V.(2020). Tax Planning Strategies and Profitability of Quoted Manufacturing Companies in Nigeria. Journal of Finance and Accounting, 8(3),148-157. Aronwan, E.J & Ogbaisi, S.A.(2022). The Nexus Between Standalone Risk Committees and Tax Aggressiveness: Evidence from Nigeria. Future Business Journal, 8(1),1-12. Basuki, W.K. & Dwi, A.S. (2023). The Effect of Audit Fees, Auditor Specialization, Auditor Tenure on Tax Avoidance with Audit Opinion as a Moderating Variable. Journal of Economics, Finance and Accounting Studies, 5(1), 201-208. Hoffman, W.H. (1961). The Theory of Tax Planning. The Accounting Review, 36(2), 274-282. Okewole, J.A. & Folayan, O.D. (2023). Auditors' Characteristics and Tax Aggressiveness of Selected Listed Fast Moving Consumers Goods Firms in Nigeria. OJOPRO Journal of Science, Technology and Management. 2(1), 45-57.

Auditors Industry Specialization and Tax Aggressive of Listed Fast Moving Consumer Goods Firms in Nigeria

Abstract

Keywords

References

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