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
PERCEPTION OF STUDENTS ON THE EFFECTIVENESS AND USE OF MOODLE APPLICATION
EXCERPT FROM THE STUDY
Moodle is an open source learning management system that is provided freely and can be run on man...
AN INVESTIGATION INTO THE METHODS AND RESOURCES FOR TEACHING ECONOMICS IN SENIOR SECONDARY SCHOOLS
Abstract
This study investigated the methods and resources for teaching economics in senior secondary schools in few sel...
AUDIENCE PERCEPTION OF FEMALE MODEL IN ADVERTISING MESSAGE WITH REFERENCE TO LUX SOAP TELEVISION ADVERTISEMENT
Abstract
This study examined Audience Perception of Female Model in Advertising Message With Reference...
EXAMINATION OF MANAGEMENT ACCOUNTING IN CRISIS MANAGEMENT SCENARIOS
Abstract:
This research explores the role of management accounting in crisis management scenarios in La...
THE INFLUENCE OF EMPLOYEE ENGAGEMENT ON BUSINESS PERFORMANCE
This research examines the influence of employee engagement on business performance. Objectives are: (1) to assess the impact of engagement initiat...
THE ROLE OF COST ACCOUNTING IN PRICING DECISIONS: A CASE STUDY OF NESTLE NIGERIA LTD.
Abstract: THE ROLE OF COST ACCOUNTING IN PRICING DECISIONS: A CASE STUDY OF NESTLE NIGERIA LTD.
This research explores the role of cost a...
THE TRENDS IN STUDENTS’ PERFORMANCE IN JUNIOR CERTIFICATE EXAMINATION IN ENGLISH LANGUAGE AND BASIC SCIENCE
ABSTRACT
The trend of students’ performance can positively change through a gradual process of using an up...
ROLE OF COMMERCIAL BANKS IN FINANCING AGRICULTURAL CO-OPERATIVE SOCIETIES
ABSTRACT
The researchers, researched on the project titled the Role of Banks in Financing Agricultural Cooperative s...
EFFECTS OF INSTRUCTIONAL TEACHING AIDS ON LEARNING ATTITUDES OF ADULT LEARNERS IN ADULT LITERACY CENTERS
ABSTRACT
The purpose of this study was to determine the correlation of the factors affecting academic performance with t...
SEXUAL ATTITUDE OF SECONDARY SCHOOL STUDENTS IN NIGERIA
ABSTRACT
The study examined and determined sexual activities of the selected Senior Secondary School St...
