IMPACT OF AUDITOR’S INDEPENDENCE ON FINANCIAL PERFORMANCE

SUMMARY

Using panel data from 2016 to 2020, this study presents evidence for the effect of auditing on the financial performance of listed deposit money banks in Nigeria. In order to determine the effects of audit firm size, the availability of non-audit services, and audit firm on financial performance among listed DMBs in Nigeria, Ordinary Least Squares (OLS) was used in this study. The following outcomes were attained as a result of the findings;

1. There is a positive and insignificant relationship between audit firm size and financial performance of listed DMBs in Nigeria.

2. There is a negative and significant relationship between provision of non-audit services and financial performance of listed DMBs in Nigeria.

3. There is a positive and significant relationship between audit firm tenure and firm performance of listed DMBs in Nigeria.