Download or read book Audit Firm Report and Financial Performance of Money Deposit Banks in Nigeria written by Egbunike Francis and published by . This book was released on 2017 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The main objective of this study is to determine the effect of audit firm characteristics on financial performance of money deposit banks in Nigeria. Specifically the study shall determine the effect of audit quality, audit fee, and audit report lag on return on assets of Nigerian banks. Next, ascertain the effect of audit quality, audit fee, and audit report lag on earnings per share of Nigerian banks. And finally, examine the effect of audit quality, audit fee, and audit report lag on net profit margin of Nigerian banks. The study adopted the ex post facto and correlational research design. The study population comprised all money deposit banks in existence as at 2015 financial year end. The study finds that audit quality has a significant effect on return on assets of Nigerian banks; Audit fee and audit report lag had no significant effect on return on assets, earnings per share and net profit margin of Nigerian banks. The study therefore recommends mandatory rotation of auditors as a significant factor in safeguarding auditor independence and improving the quality of audit; and the establishment of corporate governance principles that address issues relating to board independence and committee sizes to guide activities in the banking sector.