The role of External Auditors in Ensuring Quality Financial Statement of Deposit Money Banks

The aim of this study is to examine the role of external Auditor in ensuring quality financial Statements of Deposit Money Banks listed in the Nigerian Exchange Group (NGX). Data were extracted from audited annual reports of all the eleven (11) deposit money banks listed in the Nigeria Exchange Group (NGX) for ten years, 2015 – 2024. The study used panel multiple regression and employed Hausman’s test to choose between Random and fixed effect model. Random effect model was chosen and interpreted. We found out that audit firm size, audit tenure and audit fees affect financial reporting quality (FRQ) but only the effect of audit fees should be encouraged to improve financial reporting quality