EFFECT OF THE AUDIT COMMITTEE ON THE PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Authors

  • Festus Taiwo SOLANKE Department of Accounting, Faculty of Management Sciences, Federal University Oye-Ekiti, Ekiti State, Nigeria,
  • Dr. Sunday Chiemeriwo ANIOBI Department of Public Administration, Faculty of Management Sciences, Federal University Oye-Ekiti, Ekiti State, Nigeria,
  • Dominic Olorunleke OLUGBAMIYE Department of Public Administration, Faculty of Management Sciences, Federal University Oye-Ekiti, Ekiti State, Nigeria,
  • Godwin Nonye NWEZE Department of Public Administration, Federal University, Oye Ekiti. Ekiti State
  • Adenike Moronke LAWAL Department of Public Administration, Federal University, Oye Ekiti. Ekiti State
  • Taiwo Omolade OWOEYE Department of Public Administration, Federal University, Oye Ekiti. Ekiti State

Keywords:

Auditing, Banks, Depository Institutions JEL: Micro Finance Institutions & Mortgages

Abstract

The study investigated the relationship between the impact of the audit committee and the financial performance of quoted deposit money banks in Nigeria. The study employed descriptive techniques such as standard deviation and means to analyse data including ordinary least squares (OLS) and multiple regression techniques through panel data. The study found and concluded that the audit committee had a positive relationship with the financial performance of deposit money banks in Nigeria. The study found that a unit increase in audit committees would lead to an increase in the financial performance of deposit money banks., it was recommended that proper policies should be employed in the operation of the audit committee for assessing the financial performance of deposit money banks in Nigeria.

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Published

2025-05-03

Issue

Vol. 1 No. 1 (2023): JANUARY

Section

Articles