Authors :
Olusola Daniel APALOWOWA; Ademola Tosin OLOFINTUYI; Toyin Emmanuel APEKO; Iyiola Emmanuel FALUSI
Volume/Issue :
Volume 8 - 2023, Issue 4 - April
Google Scholar :
https://bit.ly/3TmGbDi
Scribd :
https://bit.ly/3ny4X87
DOI :
https://doi.org/10.5281/zenodo.7896465
Abstract :
This study investigated the effectiveness of
audit quality control on financial performance of deposit
money banks in Nigeria. The study specifically
investigated the effect of professional competence and
professional objectivity on financial performance of
deposit money banks in Nigeria. Survey research design
was adopted for the study. The data were obtained
through questionnaires distributed to staff of DMBs in
Ekiti state and population of the study consisted 85, this
study sample the entire population using Purposive
Sampling Techniques to select all staff. Ordinary Least
Square method of regression was employed to analysed
the effect of audit quality control and financial
performance of deposit money banks in Nigeria. The
study revealed that professional competence has a
positive insignificant effect on financial performance of
deposit money banks in Nigeria. And professional
objectivity has a positive significant effect on financial
performance of deposit money banks in Nigeria. This
study concluded that in the course of audit engagement
more skill has to be demonstrated by professional
auditor so that clients have assurance of their service.
Professional objectivity be maintained has it had proved
to have positive significant. The study recommended
professional auditor skill should encourage through
veritable professional training to boost their competence
by participating both local and international conference
and professional Judgement based on objectivity should
be maintain by auditor, this help in discharge of her
statutory duties without skill manipulation.
Keywords :
Audit Quality Control, Professional Competence, Professional Objectivity and Financial Performance.
This study investigated the effectiveness of
audit quality control on financial performance of deposit
money banks in Nigeria. The study specifically
investigated the effect of professional competence and
professional objectivity on financial performance of
deposit money banks in Nigeria. Survey research design
was adopted for the study. The data were obtained
through questionnaires distributed to staff of DMBs in
Ekiti state and population of the study consisted 85, this
study sample the entire population using Purposive
Sampling Techniques to select all staff. Ordinary Least
Square method of regression was employed to analysed
the effect of audit quality control and financial
performance of deposit money banks in Nigeria. The
study revealed that professional competence has a
positive insignificant effect on financial performance of
deposit money banks in Nigeria. And professional
objectivity has a positive significant effect on financial
performance of deposit money banks in Nigeria. This
study concluded that in the course of audit engagement
more skill has to be demonstrated by professional
auditor so that clients have assurance of their service.
Professional objectivity be maintained has it had proved
to have positive significant. The study recommended
professional auditor skill should encourage through
veritable professional training to boost their competence
by participating both local and international conference
and professional Judgement based on objectivity should
be maintain by auditor, this help in discharge of her
statutory duties without skill manipulation.
Keywords :
Audit Quality Control, Professional Competence, Professional Objectivity and Financial Performance.
