Effect of Non–Audit Services on Auditor Independence of Deposit Money Banks in Nigeria

Abstract

This research looked at how non-audit services affected the partnership between auditors and Nigerian deposit money institutions. Descriptive survey methodology was used for this investigation. The study was directed by two research aims. All 24 of Nigeria's deposit money banks make up the populace. The population was sampled using a systematic sampling method, and the sample size was 36 managers (three from each of 12 banks). The researcher used a questionnaire she designed to gather the data. “Pearson's product-moment correlation (PPMC) was used to verify or refute the hypotheses and investigate the study issues. The research showed that the auditor independence of listed deposit money banks in Nigeria is positively correlated with the provision of non-audit services” (indicated by taxation and management advice services). Non-audit services and auditor independence were also shown to have a substantial correlation with the aforementioned Nigerian deposit money institutions, the research found. Auditors at Nigerian deposit money institutions were urged, among other things, to reduce the number of non-audit services they provide to customers in order to focus more on auditing.