This study investigates the influence of audit report quality, timeliness, and governance attributes on the operational and financial performance of listed manufacturing companies in Nigeria. Relying on secondary data from annual reports of selected manufacturing firms and regulatory audit outcomes. It examines how audit quality—measured by auditor independence, audit committee strength, audit fees, firm size, tenure, and timeliness—affects key performance metrics such as Return on Assets (ROA), Return on Equity (ROE), Earnings Per Share (EPS), Market Price per Share (MPS), and financial reporting quality. The findings reveal Audit reports significantly influence the performance of manufacturing companies in Nigeria by improving transparency, enhancing access to finance, and strengthening corporate governance. Recommendations are made for stricter compliance and improved audit practices in the Nigerian manufacturing sector. Manufacturing companies in Nigeria should prioritize effective internal audit exercises to minimize fraud and mismanagement of funds. Shareholders and investors should consider audit quality variables, such as audit firms' size and audit fees when evaluating the performance of manufacturing firms.
MODUPE et al. (Sat,) studied this question.