Evidence from literature shows that different studies have been carried out on regulatory authorities’ role in audit quality and user confidence on the financial statement of corporate organizations in which financial institution is not excluded in the developed countries but empirical evidence from developing countries contexts like Nigeria is inadequate. In light of this, this research paper evaluates regulatory authorities’ roles at improving external audit quality and Users Confidence in financial information in the Nigerian Deposit Money Banks. The study used primary data obtained through a structured questionnaire administered on sampled banks investor in the stock exchange market. A total of two hundred and ten (210) copies of the questionnaire were distributed. One hundred and sixty (160) were returned and found useful for study representing 76% of the total questionnaire distributed. Data collected was analyzed using descriptive statistics like table, frequency, percentage, and mean ranking. Findings from the result of analysis (86;403;3.86;4.03) indicate that the imperatives of regulatory environments at improving audit quality except that FRCN had not been most effective in discharging those responsibilities expected to improve audit quality assurance in the Nigerian Deposits Money Banks. The study concludes that regulatory authorities exert influence on audit quality and the major regulatory environmental variables of audit quality include mandatory rotation of audit tenure, compliance with IFRS, and restriction of non-audit services. The study suggests that regulatory authorities in Nigeria be made to discharge their duties of enforcing and monitoring compliance with regulatory framework and policy guidelines that promote audit ethical conduct.
The corporate failures and other related downfalls which occurred around the globe and Nigeria have raised fears about confidence in financial reporting practices by the listed firm in Nigeria. In recent times, financial crime has become more pervasive, and the probability of corporate fraud occurring in Nigeria has become more severe. These aspects of business failure have put greater responsibility on financial experts particularly auditors. Therefore, this study evaluated the attributes of internal audit practice and its influence on reporting quality of selected firms. Secondary data of nine (9) years range (2010 to 2019) were obtained from the financial reports of (4) four food and beverages firms purposively selected out of the twenty-three (23) listed on the Nigeria Stock Exchange as of December 2020. The internal Audit practice is the independent variable in this study and it is measured by three factors (Internal Audit fee, Technical Proficiency of internal auditor, and Firm Size). The dependent variable is the financial reporting quality. Mean ranking analysis was used to evaluate determinants of Internal Audit attributes in the selected firms while regression analysis was employed to measure the influence of internal audit quality on the financial reporting quality of sampled firms at 95% confidence level. The overall results (R2 0.8481; F-values = 21.51= and P-Value = 0.000) revealed that all the identified internal quality attributes (Internal Audit fee, Technical Training Proficiency, and Firm Size) were significantly related to internal audit practice and positively influence the financial reporting quality and performance of selected sampled food and beverages firms in Nigeria.
This study examined the determinants of audit quality among Consumer goods companies listed on the Nigerian stock exchange from 2009 to 2018. This study made use of secondary data obtained from fact books, annual reports, and account of selected consumer goods company under study. The relevant data were subjected to statistical analysis Pearson Correlation while the diagnostics test conducted were Multicollinearity, Autocorrelation, Normality, and Heteroscedasticity Test. The study’s findings showed that board size and company liquidity have a substantial positive influence on financial results, while audit fees, firm size, and audit committee meetings have a negative but non-significant impact. The study concluded that, since board size has a substantial positive effect on audit quality, the governmental body should track firms to ensure that the required board size is met as part of strategies to enhance audit quality among Nigeria’s publicly traded consumer goods companies.
Managing queuing within the banking business in Nigeria has constituted major challenges whose effects have not been thoroughly examined. This study sets to investigate the continuous queuing in the Nigerian banking environment despite e-banking adoption in Nigeria. The research adopted a survey design where primary data were obtained using a structured questionnaire. Fifty (50) respondents were purposively chosen. A purposive sampling technique was used which considered banks having branches within Ladoke Akintola University of Technology and Ogbomoso town. OLS regression was used to determine the influence of electronic banking on customers queuing the factors for queuing in the banking environment amid e-banking adoption at 0.05 level of significance. Findings revealed that queue in the study area was most of the time very high in the morning, high in the afternoon and evening while at night, most time witnessed no queue. Electronic banking had a significant influence on customers’ queuing in the study area. Further, Tendency to Hold Cash by banks customers (THC), Poor Internet Infrastructure (PII), Cybercrime (CC) were the major factors causing bank customer queue in the banking environment in Nigeria, followed by Inadequate of Banking Technology Management (IBTM) and E-Banking Transaction Cost (EBTC). Therefore, banks service providers should increase efforts on cashless e-banking services and ensure reliable internet service at all times. Bank customers should be made to appreciate other e-banking services than ATM and allay fear on tendency to hold cash.
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