Available online at https://e-journal.unair.ac.id/TIJAB TIJAB (The International Journal of Applied Business) e-ISSN: 2599-0705 Vol. 5 No. 2, November 2021, pp. 111-124 The Implications of Board Independence and Foreign Ownership on Audit Quality of Manufacturing companies in Nigeria Solomon Oriakhi a 1 , Emma I. Okoye b , Segun Idowu Adeniyi b a Edo State Polytehnic Usen, Edo State, Nigeria b Nnandi Azikwe University, Awka, Nigeria APA Citation: Oriakhi, S., Okoye, E. I., & Adeyini, S. I. (2021). The implications of board independence and foreign ownership on audit quality of manufacturing companies in Nigeria. TIJAB (The International Journal of Applied Business), 5(2), 111-124. Submission Date: 05/07/2021 Acceptance Date: 02/11/2021 Abstract This study investigated the implications of board independence and foreign ownership on audit quality of Nigeria manufacturing companies. The specific objectives of the study are to examine the effects of board independence as well as foreign ownership on the quality of audit of Nigeria quoted manufacturing companies. The study employed secondary data to carefully collect a total of fifty eight (58) Nigeria quoted manufacturing companies for the period of 2010 to 2018. The binary model of regression (logit, probit as well as gombit) was properly used to test the hypotheses. The outcome reveals that board independence had a positive as well as insignificant influence on audit quality while foreign ownership had a positive and a significant influence on audit quality. The study then recommends that composition of the board should be such that its function is not undermined and one of such ways is to have an appropriate mixture with non-executive directors. Also having foreign ownership could enhance audit quality given the different corporate cultures they may possess. Keywords: audit quality; board independence; foreign ownership; manufacturing firms; Nigeria. This is an open access article under the CC BY-NC-SA license. 1. Introduction Corporate governance has been understood as an important tool in assessing the company’s health, especially under financial distress conditions. The main factors blamed for company failure is perhaps the weakness of corporate governance (Nengzih, 2017). Corporate governance is the company’s management through the board of directors that centers on complete integrity, transparency and management accountability. The Nigerian Code of Corporate Governance 2018, made it mandatory for all listed firms in Nigeria to audit their financial statements at every financial year end. This is because audit quality gives credibility and integrity to the financial statements of companies and those that make 1 Corresponding author. E-mail address: solomon.oriakhi@yahoo.com