Banks are more likely to fail from operational risk than from credit risk, and internal control at banks create operational risk losses. This study investigated internal control activities and risk assessment on operational risk of quoted banks in Nigeria. 16 quoted banks from 2013- 2020 were studied based on the 2012 banking reform on corporate governance by the then CBN governor Sanusi Lamido Sanusi’s “Project Alpha Initiative” (PAI).The analysis carried out included pooled OLS regression, fixed and random effect and Hausman tests utilizing E-View 9 software. The findings showed that internal control activities has a negative correlation and internal control risk assessment has positive significant effect on operational risk. The researchers therefore recommend that internal check of staff at banks should be sustained as there was an inverse relationship between internal check and operational risk at banks. Penalties should be spelt out for banking staff who are non-compliant with bank policies and guidelines especially in the area of breech in software codes. Banks should ensure that internal control unit personnel are qualified and adequately trained especially IT staff. Keywords: Internal Control, Control Activities, Risk Assessment and Operational Risk

This study examined the effect of audit quality on value relevance of commercial banks’ financial report in Nigeria. The study employed ex post facto research design. Data for analysis was gotten from the published financial reports of 13 listed commercial banks spanning a period of 5 years (2017 to 2021). The Ordinary Least Square (OLS) method using multiple regression model was used to analyze the data generated with the aid of Statistical Package for the Social Sciences (SPSS Version 20). Findings from the study revealed that Audit fee has a positive significant effect on value relevance of reported earnings per share of the listed commercial banks in Nigeria. Further findings revealed that Audit firm size has a positive insignificant effect on value relevance of reported earnings per share of the listed commercial banks in Nigeria and finally, it was revealed that Audit tenure has a positive insignificant effect on value relevance of reported earnings per share of the listed commercial banks in Nigeria. Based on the findings the study recommends that, commercial banks should endevour to balance the costs of audit by paying prudent fee for audit services such that it will not impede or influence the external auditors judgement on the reported financial figures in order to minimize the risk of reduced independence. Such practices if not considered that lead to audit risk of poor judgement that might distort the value relevance of financial reports of the banks thus; lead to a situation where investors base there judgement on reported earnings figures that are inappropriate.Also, commercial banks should not maintain the services of a particular audit firm over a long period of time as this impedes the quality of audit service offered as a result of the familiarity is developed between the audit firm and client overtime. Keywords: Audit Quality, Audit Size, Audit Fee, Audit Tenure, Value Relevance and Deposit Money Banks.

The study examined the effect of financial transparency on the performance of listed manufacturing firms in Nigeria. To achieve the objective of the study, descriptive research design was adopted. The data were collected through primary source with the aid of wellstructured questionnaire. The sample of the study was 250 respondents purposively selected from five listed manufacturing firms located in South East Nigeria. The data collected from these respondents were analyzed using multiple regression analysis and the following findings were revealed; (i) Ownership structure, board of directors and timeliness of information have positive and significant effect on profitability of listed manufacturing firms in Nigeria, (ii) Ownership structure, board of directors and timeliness of information have positive and significant effect on accountability of listed manufacturing firms in Nigeria and (iii) Ownership structure, board of directors and timeliness of information have positive and significant effect on sales growth of listed manufacturing firms in Nigeria. Based on the findings, the study recommends Since the result showed that financial transparency has positive and significant effect on firm’s profitability, it’s prudent for listed companies to disclose as much information as possible and also ensure that the information disclosed are transparent so as to minimize the level of information asymmetry and consequently stimulate financial performance. The companies can also take the control of financial performance of the company through using high proficiency, experienced and independent managers with the necessary legal power as a potentially powerful mechanism and to be a cause of improvement in the accountability of the company. Keywords: Financial, Transparency, Ownership Structure, Board of Directors and Information.