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
Property Rating As A Source Of Local Government Revenue In Imo State (A Case Study of Oru-West local Government Imo state)
-
INTRODUCTION
Property rating which is also known as tenement rating is the rate or tax levi...
X-RAY REPEAT REJECT ANALYSIS IN PHC NINGI LOCAL GOVERNMENT AREA OF BAUCHI STATE
Background of the study
X-ray imaging plays a crucial role in diagnostic and therapeutic procedures in...
THE INFLUENCE OF ARTIFICIAL INTELLIGENCE IN RECRUITMENT PROCESSES
Abstract : THE INFLUENCE OF ARTIFICIAL INTELLIGENCE IN RECRUITMENT PROCESSES
This study investigates the influence of artificial intellig...
EXPLORING THE ROLE OF EARLY CHILDHOOD EDUCATION IN PROMOTING CULTURAL HERITAGE CONSERVATION
ABSTRACT: Exploring the role of early childhood education in promoti...
DESIGN AND IMPLEMENTATION OF CAMPUS ONLINE HELP DESK INFORMATION SYSTEM
ABSTRACT
The abstract of the project is now the online help desk information system has eased the general public who wish to make there e...
IMPACT OF EXPERIENTIAL LEARNING ON ADULT LEARNERS
Abstract: This research examines the impact of experiential learning on adult learners. The study aimed to explore how hands-on, practical lea...
THE IMPACT OF BANKING SERVICES ON CUSTOMER SATISFACTION
ABSTRACT
In banking, qualify of customer services plays a crucial role in the context of sustaining business growth....
IMPACT OF TEST MARKETING AND INNOVATION ON NEW PRODUCT
ABSTRACT
This study was carried out to examine the impact of test marketing and innovation...
HEALTH PROBLEMS RELATED TO INADEQUATE WATER SUPPLY AMONG THE PEOPLE OF MAIDUGURI METROPOLITAN COUNCIL AREA OF BRONO STATE, NIGERIA
Background of the study
Access to adequate water supply is a critical determinant of public health and...
THE IMPACT OF MONETARY POLICY ON ECONOMIC GROWTH IN NIGERIA
Abstract
This research work evaluates the responses of inflation, interest and exchange rate to shocks in Monetary Polic...
