Client Size and Audit Report Lag of Selected Deposit Money Banks in Nigeria
No Thumbnail Available
Date
2024-12
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Lead City University, Ibadan
Abstract
This research examines how Client Size influences Audit Report Lag in selected Nigerian Money Deposit Banks, aiming to improve understanding of audit efficiency and timeliness in financial reporting within the banking sector. Prompt financial reports are crucial for stakeholder decision-making and market efficiency, while delays known as Audit Report Lagcan impact market value, investor confidence, and regulatory compliance. Using a quantitative approach, the study analyzed secondary data from annual reports of four commercial banks over 21 years (2001-2021). The study population is some selected Deposit money banks, which are used as the case study. Currently, there are twenty two commercial banks in Nigeria. Out of which some selected banks are used as case study, which is about 18% of the population It focused on whether client size, measured by indicators like total assets and turnover, affects the time between fiscal year-end and audit report issuance. The analysis, conducted through multiple regression, assessed the effects of client size, board size, audit committee effectiveness, and auditor type on Audit Report Lag. Results indicated that larger clients generally have shorter Audit Report Lags, suggesting that larger entities push for quicker audit completions to meet investor and regulatory demands. This research adds to the literature on audit practices in emerging markets.
Keywords: Audit report lag, Client size, audit committee.
Word count: 298
Description
Keywords
Audit report lag, Client size, audit committee.
Citation
Kate Turabia