The impact of independent audit quality on financial performance: The case of BIST manufacturing sector

The purpose of this study is to determine the effect of independent audit quality on the financial performance of companies listed in the BIST manufacturing sector. For this purpose, the six-year data of the companies in the BIST manufacturing sector between 2017 and 2022 are analyzed by panel quantile regression with the non-additive fixed effects. In the study, audit firm size and audit opinion variables are used as independent audit quality indicators, while return on assets (ROA) and return on equity (ROE) variables are used as financial performance indicators. The study reveals that there is no statistically significant relationship between return on assets and audit firm size, whereas there is a significant and positive relationship between audit opinion and return on assets. There is no significant relationship between return on equity and independent audit quality indicators.