Journal of Economic, Finance Research and Review (JEFRR) · Research article · Open access
Influence of Auditing Standards on Economic Performance in Nigeria's Deposit Institutions
PhD Agbaraevoh Roseline Chinasa, Ndukwe-Tochi Chosen Chinwe, PhD Aruommah Kelechukwu Obinwanne, Chibunna Onyebuchi Onwubiko
27 February 2026 · Vol. 2, Issue 2, pp. 138-144
DOI: 10.65150/EP-jefrr/V2E2/2026-09
Download full text (PDF)Cite this article
What is this article about?
This study examined the effect of audit quality on the financial performance of selected Deposit Money Banks (DMBs) in Nigeria, covering the period 2017–2024. Specifically, the research analyzed how audit independence influences financial performance indicators, including Return on Assets (ROA), Earnings per Share (EPS), and Profit after Tax (PAT).
Article at a glance
- Published
- 27 February 2026
- Volume / issue / pages
- Vol. 2, Issue 2, pp. 138-144
- ISSN
- 3051-3650 (online) · 3051-3642 (print)
- Licence
- CC BY 4.0 — free to read and reuse with attribution
- Peer review
- Double-blind, at least two independent reviewers
- Publisher
- EP Journals Group
Abstract
This study examined the effect of audit quality on the financial performance of selected Deposit Money Banks (DMBs) in Nigeria, covering the period 2017–2024. Specifically, the research analyzed how audit independence influences financial performance indicators, including Return on Assets (ROA), Earnings per Share (EPS), and Profit after Tax (PAT). Secondary data were obtained from annual reports of listed banks and analyzed using Robust Least Squares Regression. The findings revealed that audit independence has a negative and statistically significant effect on ROA, indicating that increased independence may impose strict controls that reduce short-term profitability. Conversely, audit independence exhibited a positive but statistically insignificant effect on EPS and PAT, suggesting minimal contribution to shareholder value and post-tax profitability. It recommends strengthening audit governance frameworks, improving communication between auditors and management, and enhancing professional competence through continuous training. The study contributes to existing literature by providing recent empirical evidence on audit independence and public confidence within Nigeria’s banking sector and by offering methodological insights using robust regression techniques.
Keywords: Audit quality, financial performance.
Cite this article
PhD Agbaraevoh Roseline Chinasa, Ndukwe-Tochi Chosen Chinwe, PhD Aruommah Kelechukwu Obinwanne, & Chibunna Onyebuchi Onwubiko (2026). Influence of Auditing Standards on Economic Performance in Nigeria's Deposit Institutions. Journal of Economic, Finance Research and Review, 2(2), 138-144. https://doi.org/10.65150/EP-jefrr/V2E2/2026-09
@article{PhD2026,
title = {Influence of Auditing Standards on Economic Performance in Nigeria's Deposit Institutions},
author = {PhD Agbaraevoh Roseline Chinasa and Ndukwe-Tochi Chosen Chinwe and PhD Aruommah Kelechukwu Obinwanne and Chibunna Onyebuchi Onwubiko},
journal = {Journal of Economic, Finance Research and Review},
year = {2026},
volume = {2},
number = {2},
pages = {138-144},
doi = {10.65150/EP-jefrr/V2E2/2026-09},
url = {https://doi.org/10.65150/EP-jefrr/V2E2/2026-09}
}Questions about this article
Who wrote this article?
PhD Agbaraevoh Roseline Chinasa, Ndukwe-Tochi Chosen Chinwe, PhD Aruommah Kelechukwu Obinwanne, Chibunna Onyebuchi Onwubiko.
Where and when was it published?
In Journal of Economic, Finance Research and Review, Volume 2, Issue 2, pages 138-144, published by EP Journals Group on 27 February 2026.
Is this article free to read?
Yes. It is open access under a Creative Commons Attribution 4.0 (CC BY 4.0) licence, so anyone can read, share and reuse it with attribution.
What is the DOI of this article?
10.65150/EP-jefrr/V2E2/2026-09 (https://doi.org/10.65150/EP-jefrr/V2E2/2026-09).
How do I cite this article?
APA: PhD Agbaraevoh Roseline Chinasa, Ndukwe-Tochi Chosen Chinwe, PhD Aruommah Kelechukwu Obinwanne, & Chibunna Onyebuchi Onwubiko (2026). Influence of Auditing Standards on Economic Performance in Nigeria's Deposit Institutions. Journal of Economic, Finance Research and Review, 2(2), 138-144. https://doi.org/10.65150/EP-jefrr/V2E2/2026-09
More research from JEFRR
- Understanding Green Purchase Intention in the Digital Era: Green Communication, Brand Image, And Brand Trust
Dini Safitri, Sharon Claudia Rambu Podu Diah, Olaf Tri Wilopo Simanjuntak, Muhammad Fadli · Oct 2026
- Digital Marketing Transformation and Consumer Purchase Behaviour in Post-Pandemic Markets
Rezwan Hossain, Muhammad Shoaib, Darda Rahman · Oct 2026
- Effectiveness of Financial Literacy and Financial Inclusion on Competitiveness of Small and Medium Sized Enterprises in Uganda: The Mediating Role of Financial Planning
Eric Nzibonera, Godfrey Akileng, David Namanya · Oct 2026
- Relationship Between Community Policing Participation and Crime Reduction Among Lagos State Neighbourhood Safety Corps (LNSC) in Ikorodu West and Ikorodu Central, Lagos State
Oluwaseun Segun Adejuwon, Jatau Seikhan Nathan, Dr. Ajagun Olusegun Peter, Adebisi Gbenga Adejuwon · Oct 2026
- The Double Divide Revisited: Sector Composition, Within-Sector Adoption and Artificial Intelligence Use Among Minority- And Women-Owned U.S. Businesses
Olufemi Olumayowa Oni, Abimbola Usman, Olusegun Opeyemi Oni, Promise Okwarajiaku · Oct 2026