Vol. 1 No. 1 (2023): FUOYE JOURNAL OF PUBLIC ADMINISTRATION AND MANAGEMENT
Articles

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

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  • Festus Taiwo SOLANKE,
  • Dr. Sunday Chiemeriwo ANIOBI,
  • Dominic Olorunleke OLUGBAMIYE,
  • Godwin Nonye NWEZE,
  • Adenike Moronke LAWAL,
  • Taiwo Omolade OWOEYE
Festus Taiwo SOLANKE
Department of Accounting, Faculty of Management Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373
Dr. Sunday Chiemeriwo ANIOBI
Department of Public Administration, Faculty of Management Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373
Dominic Olorunleke OLUGBAMIYE
Academic Affairs, Registry, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373
Godwin Nonye NWEZE
Department of Public Administration, Faculty of Management Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373
Adenike Moronke LAWAL
Department of Accounting, Faculty of Management Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373
Taiwo Omolade OWOEYE
Department of Accounting, Faculty of Management Sciences, Federal University Oye-Ekiti, Oye-Ekiti, Nigeria, P.M.B 373

Published 2023-06-23

Keywords

  • Auditing, Banks, Depository Institutions

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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