Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria

E. O. Nwadialor; Muotolu, Peace Chikwemma

Title:
Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria

Authors:
Muotolu, Peace Chikwemma | E. O. Nwadialor
DOI:
https://doi.org/10.31142/ijtsrd21557

Cite This Article :

Muotolu, Peace Chikwemma | E. O. Nwadialor "Effect of Audit Quality on the Financial Performance of Deposit Money Banks in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-2, February 2019, pp.923-932, URL: https://www.ijtsrd.com/papers/ijtsrd21557.pdf

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Abstract :
This study investigated the effect of audit quality on the financial performance of deposit money banks in Nigeria. The Ex-post Facto research design was adopted. The Judgmental sampling was adopted to selected 14 from the 22 listed Deposit Money Banks on the Nigerian Stock Exchange. The data collected from annual reports and accounts of deposit money banks were analyzed using the simple regression and correlation analyses. Findings f revealed that Audit Committee Size (ACSIZ) has a positive but insignificant effect on the financial performance of deposit money banks in Nigeria. Audit Committee Independence (ACIND) and Audit Committee Meetings (ACM) both have a negative and insignificant effect on the financial performance of quoted deposit money banks in Nigeria while Auditor’s Size (BIG4A) has a positive and statistically significant effect on the financial performance of quoted banks in Nigeria. Based on this, the study recommended among others that the management of the deposit money banks in Nigeria should employ the services of one of the big audit firms and where this is not possible, go for an audit firm whose character and integrity is beyond question.

Keywords :
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Publication Details:

Unique Identification Number : IJTSRD21557

Published In : Volume-3 | Issue-2, February 2019

Page Number(s) : 923-932

Publisher Name : IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470

Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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