AUDIT QUALITY AND EARNINGS MANAGEMENT OF LISTED DEPOSIT MONEY BANKS IN NIGERIA


Keyword : Audit quality, Audit fee, Audit tenure, Earnings management


Author(s) : Ada ONU And Stella Nonyelum ODUNKO

Abstract :   

This study examines the effect of audit quality on earnings management of the Deposit Money Banks in Nigeria. The correlation research design was employed and Ordinary Least Square (OLS) technique was used in the analysis of the secondary data collected from a sample of 14 banks for a period of seven years (2013-2019). The study found that total audit fees have a significant positive effect on earnings management l. It is also found that auditor tenure has a significant positive effect on earnings management. The study concludes that total audit fees and lengthy auditor tenure are a mechanism through which management influences auditors to compromise their independence in the deposit money banks of Nigeria, and therefore allow unethical practices such as earnings management. The study recommends that the regulatory agencies should increase surveillance on audit practices particularly statutory audit about audit fees. Also, the present audit firm tenure policy of the CBN (a bank external auditor should maintain the tenure with a given bank of the maximum period of ten years) should not be increased beyond ten years.

Download full Article

Recent Articles

Influence of Organizational Culture on the Lifestyles of Commercial Bank Employees in Benin Metropolis - Edo State, Nigeria
Akintoye Obaide Emily, Ph.D & Obire Oghenetejiri Mathias

PSYCHOSOCIAL CHALLENGES AND COPING MECHANISMS AMONG RELATIVES OF SCHIZOPHRENIC PATIENTS IN FEDERAL NEUROPSYCHIATRIC HOSPITAL, USELU, BENIN CITY
Emily Obaide Akintoye, Ph.D & Temitope Akintoye

.#ENDSARS PROTESTS AND THE IMPERATIVE FOR STATE POLICE IN NIGERIA
LAWRENCE O. ODEH, Ph.D.

The Knowledge and Awareness of Immersive Journalism Among Journalism Lecturers in Select Public and Private Universities in Enugu State
Nelson Chidiogo Chris-Ngwu, Dr. Maxwel M. Ngene, and Vivian Ginikachukwu Eze

THE IMPACTS OF FRINGE BENEFITS ON JOB SATISFACTION AMONG EMPLOYEES OF THE NIGERIAN PUBLIC SERVICE
Ugonne Vivian Nwosu, Amoke Chibuike Thaddeus & Ikeotuonye Millicent Nkem

COMMUNICATION LECTURERS’ KNOWLEDGE AND PERCEPTION ON THE USE OF ARTIFICIAL INTELLIGENCE IN THE ACADEMIC ACTIVITIES OF UNDERGRADUATES IN ENUGU STATE
Ukonu, Michael Chimeze & Momoh, Celestina Ozohu

Preliminary Pages for Vol. 16, Special Edition, 2023
ESUT JMS

#Endsars Protests and the Imperative for State Police in Nigeria
Lawrence O. Odeh

Knowledge and Awareness of Immersive Journalism Among Journalism Lecturers in Select Public and Private Universities in Enugu State
Maxwel M. Ngene, Vivian Ginikachukwu Eze and Nelson Chidiogo Chris-Ngwu

Communication Lecturers’ Knowledge and Perception on the Use of Artificial Intelligence in the Academic Activities of Undergraduates in Enugu State.
Ukonu Michael Chimeze & Momoh Celestina Ozohu

The Impacts of Fringe Benefits on Job Satisfaction Among Employees of the Nigerian Public Service.
Ugonne Vivian Nwosu; Amoke Chibuike Thaddeus & Ikeotuonye Millicent Nkem

Preliminaries
ESUT JMS

Evaluation of Parents’ Risk Perception on the Influence of Pornography on the Mental Development of Children in Enugu Metropolis
JOSEPHAT OKOYE, PhD, ANDREW C. APEH, Ph.D and PEACE OZIOMA MADUEKE

Sustainability and Challenges of Soybean Production in Taraba State, Nigeria
SAMUEL, P., AKINTUNDE, M. O, and ADI, A. Z

Traditional Information Dissemination Mechanisms In Ibani Nation: A Study Of Opobo Kingdom
UKAEGBU, MICHAEL IBE, PhD., PATIENCE T. JAJA and WOKOMA, SOLOMON INNOCENT