Audit Quality and the Value of Listed Deposit Money Banks in Nigeria

The study assessed the impact of audit quality on the value of listed deposit money banks in Nigeria. The study used ex-post facto research design and data for the study were obtained from annual reports and accounts of the listed deposit money banks from 2006 to 2016, and were analyzed using descriptive and regression. Fourteen out of the fifteen deposit money banks were taken for the study. The study found that audit opinion and accruals have negative and significant impact on the value of listed deposit money banks in Nigeria. The study recommends strict adherence to professional ethics and regulations by the auditors and preparers of the financial statements to ensure reporting quality so as to sustain the confidence of investors and other stakeholders.