Evaluation of Factors Determining Audit Fee in Quoted Nigerian Deposit Money Banks

Simple item page
dc.contributor.authorSalman, Ramat Titilayo
dc.date.accessioned2021-10-04T13:35:43Z
dc.date.available2021-10-04T13:35:43Z
dc.date.issued2018
dc.description.abstractWith auditors mostly found wanting in corporate scandals, there is growing emphasis on the need for auditors of companies in highly regulated. sectors like banks to consider factors that are important to regulators. This study evaluates the determinants of audit fee based on variables that are peculiar to banking industry and considered salient to regula tars of banking services. It also examines the effect of IFRS adoption on audit fee of banks. Data were sourced from annual reports and accounts of 01/ the fifteen (15) quoted deposit money banks for the period covering 2006•2015 and were analysed USing descriptive statistics and inferential statistics. The result Of Hausman specification test favours random-effect over the fixed•effect models of panel least square regression. Findings of the study revealed that capital risk has negative Influence on audit fees at 10 level of Significance while credit risk shows positive influence at 1 level of significance. Also, complexity, IFRS adoption and size had Significant positive relationship with audit fees at 1, 10 and 5 levels Of significance respectively. However, management efficiency and profitability showed no significant relationship with audit fees. As regards variables considered important to regulators of banks, the study concludes that auditors do not seem to consider management efficiency In determination of audit fees. The study recommended amongst others that auditors of banks should further align the determination of their fees with factors that ore considered important to regulatory bad r to reduce costly litigation associated with audit failure.en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/6511
dc.language.isoenen_US
dc.publisherDepartment of Accounting University of Port Harcourten_US
dc.relation.ispartofseries6;1
dc.subjectAuditorsen_US
dc.subjectAudit fee pricingen_US
dc.subjectAudit qualityen_US
dc.subjectDeposit Money Banksen_US
dc.titleEvaluation of Factors Determining Audit Fee in Quoted Nigerian Deposit Money Banksen_US
dc.typeArticleen_US

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Evaluation of factors determining audit fees.pdf
Size:
8.13 MB
Format:
Adobe Portable Document Format
Description:
Main article
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections