Assessing the effect of auditing on bank’s financial performance: A panel regression analysis, evidence from Ghana

The paper aimed to find if the internal audit committees and their independence have any significant effect on banks’ financial performance. data used in our is an annual time series spanning 2014 2019. study conducted a panel regression analysis after going through Hausman test select Random Effect model for estimation. again six banks selected from PWC-2019 banking survey. presents results that showed there are some statistically insignificant effects of main regressor thus Audit, bank’s performance within period study. rather found cost-to-income ratio negative This true because more efficient bank is, it cuts down avoidable costs increase its Keywords: Audit Independence, Financial Performance Reporting, Bank Profitability. DOI: 10.7176/RJFA/12-16-10 Publication date: August 31 st 2021