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March 12, 2026Open Access

The Impact of Blockchain Adoption on the Audit Quality of Financial Institutions in Nigeria

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Authors

OYOnipe Adabenege Yahaya

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Overview

Investigates how blockchain adoption affects audit quality in financial institutions, suggesting enhanced transparency leads to improvement.

Key Points

  • The goal is to examine the relationship between blockchain adoption and audit quality among financial institutions in Nigeria.
  • Utilized an ex-post facto research design
  • Analyzed panel data regression on 151 listed financial institutions
  • Measured audit quality using discretionary accruals via the Modified Jones Model
  • Evaluated blockchain adoption as a binary variable from corporate disclosures
  • Controlled for factors like firm size, industry type, and CEO characteristics
  • Blockchain adoption shows a statistically significant negative relationship with discretionary accruals
  • Indicates substantial improvement in audit quality with blockchain implementation
  • Challenges the notion that blockchain's complexity harms audit standards
  • Highlights CEO characteristics and firm size as influential factors on both blockchain adoption and audit quality

Cite This Study

Onipe Adabenege Yahaya (2026) studied this question.

synapsesocial.com/papers/69b257cd96eeacc4fcec6cd0https://doi.org/10.5281/zenodo.18926561
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