- James Tersoo TSETIM1**, Douglas Kumawuese IORTYOM1, Bridget Aladi LAWANI2 & IKAPE, Francis Ojiya3
- 1Department of Business Administration, Joseph Sarwuan Tarka University Makurdi, Nigeria, 2Department of Business Education, College of Education Oju, Nigeria 3Bursary Department, College of Education Oju, Nigeria
- DOI: 10.5281/zenodo.10783085
- GAS Journal of Arts Humanities & Social Sciences (GASJAHSS)
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Abstract:The study examined how listed deposit
money banks in Nigeria performed financially and how audit quality affected
it. Thirteen specified deposit money banks made up the study’s population,
and census sampling was used to choose each bank. Over the course of 10
years, from 2013 to 2022, secondary data were gathered from the audited
annual reports and accounts of Nigeria’s listed deposit money banks. For this
study, the ex-post facto (after-the-fact) research design was chosen.
Regression analysis was applied to the data analysis. The findings showed
that audit firm size had a positive but insignificant effect on financial
performance, audit tenure had a negative and insignificant effect on the
financial performance of listed deposit money banks in Nigeria, and audit fee
and auditor independence had a significant and positive effect on financial
performance as represented by earnings per share. Among other things, it is
advised that deposit money banks avoid using a certain audit firm for an
extended length of time, since this can lower the quality of audit services
provided because the audit firm and client become more acquainted with one
another over time. |
Keywords: Audit Fees, Audit Tenure, Audit Firm Size,
Auditor’s Independence, Financial Performance, Earnings Per Share
