THE EFFECT OF AUDIT QUALITY ON FINANCIAL PERFORMANCE OF NIGERIA DEPOSIT BANKS
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
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.
Related Project Materials
IMPACT OF ENERGY CONSUMPTION ON ECONOMIC GROWTH AND ENVIRONMENTAL QUALITY IN NIGERIA
ABSTRACT
The study examines the impact of energy consumption on economic growth and environmental quality and also verifies the existence...
THE ROLE OF THE ACCOUNTANT IN THE PRIVITAZATION AND COMMERCIALIZATION OF PARASTATALS IN NIGERIA
Abstract
This research work is aimed at ascertaining the various role played by the accountant in the privatization and...
AN ANALYSIS OF RELIGION AND POLITICAL CRISIS IN NIGERIA (A CASE STUDY OF KADUNA STATE)
Background of the study
Since the early 1970s, Kaduna State has experienced various forms of conflict. Additionally, Kad...
FUNDING OF NIGERIAN MEDICAL LIBRARIES (A Case Study Of Federal Medical Centre (Fmc) Library, Owerri)
ABSTRACT
The study examined the funding of Nigerian medical libraries using Federal Medical Centre (Fmc...
IMPACT OF SALES PROMOTION ON CONSUMER BRAND LOYALTY
ABSTRACT:- This study is a research of the impact of sales promotion on consumer brand loyalty a study of co...
DEFICIT FINANCING AND ECONOMIC GROWTH: THE NIGERIA EXPERIENCE
ABSTRACT
The general objective of the study is to analyze the effect of deficit financing on Nigeria&rs...
EFFECT OF INSTRUCTIONAL MATERIALS ON TEACHING AND LEARNING IN NURSERY AND PRIMARY SCHOOLS
ABSTRACT
The purpose of this research work is to examine the extent to which the Mater-Dei Nursery and Primary School in...
FISCAL AND MONETARY POLICY INTERACTIONS IN THE NIGERIAN ECONOMY- A NEW KEYNESIAN APPROACH
ABSTRACT
A political economy environment typified by political corruption, poor implementation of economic policy rules and weak policy c...
THE INFLUENCE OF INNOVATION POLICIES ON BUSINESS PERFORMANCE
Abstract: THE INFLUENCE OF INNOVATION POLICIES ON BUSINESS PERFORMANCE
The study inves...
Design of Tourism Website in Sudan (As case study at Ministry of Tourism, Antiquities & Wildlife)
Abstract
This research is based on creating a website that helps the tourist to know tourism areas in Sudan and facilitate access to them...
