Browsing by Author "Bampo Agyiewaa Gloria"

Now showing 1 - 1 of 1
  • No Thumbnail Available
    Item
    Effect of audit quality on the financial performance of selected banks in Ghana
    (knust, 2020) Bampo Agyiewaa Gloria
    This study examines the effect of audit quality on the financial performance of selected banks in Ghana. This study specifically sought to examine; the quality of audit, the financial performance, and confirm the relationship that exists between audit quality and the financial performance of these selected banks. The study adopts a quantitative research design and the purposive sampling method is used to select the banks. The study also uses secondary data of the annual financial reports of the five sampled listed banks from 2014 to 2018 used to achieve the objectives. Data was coded and scrutinized by the use of descriptive statistics using Excel 2019. STATA version 14 is used to analyze the descriptive and inferential statistics including correlation tests and regression. The result shows that audit fees have a negligible positive relationship with financial performance. However, there is a moderate inverse relationship between Audit fees and financial performance, and whiles audit experience has moderate inverse effect, with Audit independence has weak positive effect with financial performance. Based on the regression, Audit experience was found to have any significant effect on financial performance, audit fees, audit size and audit independence had no significant effect on financial performance. Based on the outcomes and findings of the study, it can be concluded that generally, audit experience affects financial performance, and the study recommends that therefore there is the need for institutions especially in the banking sector to pay closer attention to audit experience and put in measures to engage auditing firms that have more experience.