Browsing by Author "Bamidele G. B."

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    Audit Quality and Financial Performance of Listed Deposit Money Banks in Nigeria,
    (Published by Université Felix Houphouet Boigny (Côte d’Ivoire)., 2024) Adigbole E. A.; Bamidele G. B.; Adeyemi M. O.; Alex D. A. E.
    The role of audit quality in enhancing the financial performance of listed Deposit Money Banks (DMBs) in Nigeria is an important issue as shareholders are interested in the credibility of financial information disclosed by the firms’ financial statements. This study examined the impact of audit firm size, audit fees and audit report lag on the return on assets of listed DMBs in Nigeria. The Ex-post facto research design was adopted for the study. The study population was made up of sixteen (16) DMBs and ten (10) banks were sampled purposively. The secondary data were extracted from the audited annual report of the sampled banks. The data extracted covering the period of 2013 to 2022 were analyzed using the descriptive and regression analysis. The findings revealed that audit firm size has a positive and significant impact on return on assets (𝛽= 0.019, P< 0.01); audit report lag has a negative and significant influence on return on assets (𝛽= -0.000, P<0.05); audit fees have an insignificant impact on return on assets (𝛽= 0.002, P> 0.05). The study concluded that audit fee levels do not conclusively determine the financial performance outcomes and shorter audit report lags enhance timelines and credibility. It was recommended that regulators should establish optimal timelines for audit report releases, thereby balancing the need for rigorous audits with market demand for timely information.