Audit Quality and Financial Performance of Listed Deposit Money Banks in Nigeria,

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dc.contributor.authorAdigbole E. A.
dc.contributor.authorBamidele G. B.
dc.contributor.authorAdeyemi M. O.
dc.contributor.authorAlex D. A. E.
dc.date.accessioned2026-05-09T13:12:41Z
dc.date.available2026-05-09T13:12:41Z
dc.date.issued2024
dc.descriptionAfrican Journal of Literature and Humanities
dc.description.abstractThe 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.
dc.identifier.citationAdigbole E. A., Bamidele G. B., Adeyemi M. O. & Alex Enema David A. E. (2024). Audit Quality and Financial Performance of Listed Deposit Money Banks in Nigeria, African Journal of Literature and Humanities, 5 (3), 190 – 212.
dc.identifier.issnISSN 2706 - 7408
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/123456789/18233
dc.language.isoen
dc.publisherPublished by Université Felix Houphouet Boigny (Côte d’Ivoire).
dc.relation.ispartofseries5; 3
dc.subjectAudit quality
dc.subjectfinancial performance
dc.subjectreturn on assets
dc.subjectaudit fees
dc.subjectDeposit Money Banks
dc.titleAudit Quality and Financial Performance of Listed Deposit Money Banks in Nigeria,
dc.typeArticle

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