International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)   Year: 2022 | Volume: 6 | Issue: 9 | Page No.: 105-113 Audit Quality Parameters and the Returns on Assets of Listed Banks in the Nigerian Exchange Group Download PDF EMMA-ACHOMBA, Patience (MSc. Candidacy) & EMUDAINOHWO, Ochuko Benedict (Lecturer) Abstract: The study examined audit quality parameters and listed Nigerian banks' returns on asset. The study spanned from 2011 to 2020. Audit quality parameters measured by audit fees, tenure, committee's independence and size. Meanwhile, returns on assets-ROA served as the regressand. The study adopted the Feasible Generalized Least Squares (FGLS) Model. The overall model indicates that the model is significant. Meanwhile, on individual basis, audit fees reduced ROA significantly while auditor's tenure and committee's independence improves ROA significantly. However, audit firm size improves ROA minimally. Hence, the study concludes audit quality parameters vis-à-vis audit fees, independence, and firm size are instrumental to improved banks' performance. As such, regulators of the Nigerian banking industry must ensure that the auditor's tenure should be reasonably long enough so as to enable the auditors understand and put in place the right measures towards achieving their core objective of high profit.