ABSTRACT
This study investigated the effect of audit quality on the financial performance of Nigeria Deposit Banks for the period of 2005 to 2015 (11years). Specifically, the study assessed the effect of audit report lag, audit fee, audit tenure, audit firm size on the financial performance of listed deposit bank in Nigeria. The study used secondary data obtained from the bank’s annual reports for the period of 11years (2005 to 2015). Ordinary least square regression was used with the aim of explaining and predicting empirically the relationship between audit quality variables and financial performance of the financial institutions.
Furthermore, the study used the ordinary least square regression model. The results of ordinary least square regression model reveal that audit report lag, audit tenure and audit firm size has significant positive effect on the financial performance of the listed deposit banks in Nigeria, while audit fees and earnings per share have insignificant relationship with the financial performance. The regression results indicated that the variables of audit quality including the control variables explained about 73% of the total variation in the financial performance of listed deposit banks in Nigeria during the period covered by the study.
The theory adopted in this research work is the legitimacy theory.
The study concludes that the significant positive effect of audit report lag, audit tenure and audit firm size on the financial performance of the listed deposit banks in Nigeria. This implies that, audit report lag, audit tenure and audit firm size have improved the financial performance of deposit money banks in Nigeria during the period covered by the study. The study recommends that: Efforts should be made in creating environment that would improve the sustainability of audit quality not only in publicly quoted companies but be extended to private companies for enthronement of good corporate governance practices; The relationships between management and shareholders have to be characterized by transparency and fairness; The quality of audit should be maintained and improved upon by keeping audit objectives such as: financial control mechanisms, implementation of acts, rules and regulations.
Background of the Study
The success of corporations is influenced by a variety of factors, one of which...
BACKGROUND OF THE STUDY
Culture is the sum of attitude, customs and beliefs that distinguishes one grou...
Background Of The Study
People have long recognized social media as a means of human interaction...
ABSTRACT
The study examined the impact of liquidity management on the financial performance of commerci...
ABSTRACT
Role of financial institution is not just for more development, but also grow the economy of Nigeria. This is b...
Project Body BACKGROUND OF THE STUDY The change and development of any nation in the globe begins and ends with the education of a high-quality edu...
Abstract
legislation and good governance are indispensable in a democratic system to enhance social, political and econo...
ABSTRACT
Securinega virosa (SV) is a widely used plant in traditional medicine. The root is used as an aphrodisiac in north western Niger...
ABSTRACT.
In our everyday lives, we interact with agents like personal computers, search engines, cars, etc., and reveal many of our pers...
EXCERPT FROM THE STUDY
E-learning in education is the wholesome integration of modern telecommunications equipment and I...