ABSTRACT
This
study examinedthe effect ofaudit report onfinancialperformance ofdeposit money
banks in Nigeria (2000 — 2018), a study of United Bank for Africa. The specific
objectives are to: determine the effect ofauditors ’ report ofoperating income
on return on asset ofdeposit money bank; examine the effect ofauditors ’ report
in amount offraud detected on return on equity; examine the effect of auditors
’ report in operating expenses on return on investment; and determine the
effect ofauditors ’ report ofloan and advances on total deposit of banks. The
study adopted expo facto research design. Secondary data were usedfor the study
and were sourcedfrom annualfinancial bulletin ofUnitedBankforAfrica. The data
were analyzedwith a simple regression model. The result showed that, auditors'
report ofoperating income has signifcant effect on return on asset ofdeposit
money bank. Auditors ’ report on amount offraud delected has significant effect
on return on equity. Operating expenses has significant effect on return on
investment; and auditors ’ report ofloan and advances has significant effect on
total customer deposit ofbanks. It was recommended that there is needfor
bankingfirms to hire sound auditors who will be able analyze the financial
transactions without bias. This will help the organization to understand
theirfinancial strength and areas where necessaiy attention and resources should
be channeled to
MARYJANE, C (2024). “Effect of Audit Report on Financial Performance of Deposit Money Banks in Nigeria:- Ugwunna, Maryjane C. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-audit-report-on-financial-performance-of-deposit-money-banks-in-nigeria-ugwunna-maryjane-c-7-2
CHIZARAM, MARYJANE. "“Effect of Audit Report on Financial Performance of Deposit Money Banks in Nigeria:- Ugwunna, Maryjane C" Mouau.afribary.org. Mouau.afribary.org, 02 Aug. 2024, https://repository.mouau.edu.ng/work/view/effect-of-audit-report-on-financial-performance-of-deposit-money-banks-in-nigeria-ugwunna-maryjane-c-7-2. Accessed 30 Oct. 2024.
CHIZARAM, MARYJANE. "“Effect of Audit Report on Financial Performance of Deposit Money Banks in Nigeria:- Ugwunna, Maryjane C". Mouau.afribary.org, Mouau.afribary.org, 02 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-audit-report-on-financial-performance-of-deposit-money-banks-in-nigeria-ugwunna-maryjane-c-7-2 >.
CHIZARAM, MARYJANE. "“Effect of Audit Report on Financial Performance of Deposit Money Banks in Nigeria:- Ugwunna, Maryjane C" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-audit-report-on-financial-performance-of-deposit-money-banks-in-nigeria-ugwunna-maryjane-c-7-2