International Journal of Social Science & Economic Research
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Title:
EFFECT OF AUDIT QUALITY ON MARKET PRICE PER SHARE OF QUOTED DEPOSIT MONEY BANKS (DMBS) IN NIGERIA

Authors:
ISAH, Mansur ; FASUA, Kayode Olushola ; Ugoh, Timothy Terver and OJO, Lukman Olatunji

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ISAH, Mansur1 ; FASUA, Kayode Olushola2 ; Ugoh, Timothy Terver3 and OJO, Lukman Olatunji4
2. Nigerian College of Accountancy, Kwall, Jos
1,3,4. Department of Accounting, Nasarawa State University, Keffi

MLA 8
Mansur, ISAH,, et al. "EFFECT OF AUDIT QUALITY ON MARKET PRICE PER SHARE OF QUOTED DEPOSIT MONEY BANKS (DMBS) IN NIGERIA." Int. j. of Social Science and Economic Research, vol. 5, no. 12, Dec. 2020, pp. 3921-3944, doi:10.46609/IJSSER.2020.v05i12.014. Accessed Dec. 2020.
APA 6
Mansur, I., Olushola, F., Terver, U., & Olatunji, O. (2020, December). EFFECT OF AUDIT QUALITY ON MARKET PRICE PER SHARE OF QUOTED DEPOSIT MONEY BANKS (DMBS) IN NIGERIA. Int. j. of Social Science and Economic Research, 5(12), 3921-3944. doi:10.46609/IJSSER.2020.v05i12.014
Chicago
Mansur, ISAH,, FASUA, Kayode Olushola, Ugoh, Timothy Terver, and OJO, Lukman Olatunji. "EFFECT OF AUDIT QUALITY ON MARKET PRICE PER SHARE OF QUOTED DEPOSIT MONEY BANKS (DMBS) IN NIGERIA." Int. j. of Social Science and Economic Research 5, no. 12 (December 2020), 3921-3944. Accessed December, 2020. doi:10.46609/IJSSER.2020.v05i12.014.

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Abstract:
This study is used to determine whether Audit Quality has any significant effect on Market price per Share of companies in Nigeria. Archival data were extracted from annual reports of 14 deposit money banks quoted on the Nigerian Stock Exchange (NSE) between 2012 and 2018. Audit Quality was estimated using Audit Firm Size, Audit Fees, Auditor Tenure and Audit industry specialization. Market Price per Share (MPS) was derived directly from CSCS Cash – Craft. The study adopted and ex post facto research design and relied on signaling theory. Multiple regression analyses were conducted on the data. The results of the tests show that Audit Quality exerts significant influence on the MPS of quoted DMBs in Nigeria. Specifically, the study found that audit firm size, audit tenure and auditors’ industry specialization have significant effect on audit quality while audit fees have insignificant effect on market price per share of quoted DMBs in Nigeria. In order to improve the quality of banks in Nigeria, the study recommend that regulatory agencies - professional accountancy bodies, Financial Reporting Council of Nigeria, the National Assembly, and Securities and Exchange Commission should issue authoritative standard and framework for audit quality.

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