Internal Audit, Risk management practices and Performance of Deposit Money Banks in Nigeria

To improve and sustain performance of the deposit money banks, the internal component of internal audit and risk management practices is very important to enhance continuity in the level of performance in the banks. The study examines into the combine effect of internal audit, risk management practices on the performance of deposit money banks in Nigeria. The study employed the descriptive survey design were questionnaire was distributed to employees in the selected deposit money banks. The study employed the multiple regression analysis in determining the effect of the both independent construct on performance of deposit money banks in Nigeria. The findings reveals that quality of audit, competence and expertise of audit staff has positive significant effect on net interest margin while risk maturity has negative insignificant effect on net interest margin. It is recommended that financial institutions invest heavily in improving audit quality and developing the skills and expertise of their audit personnel through regular training, certifications, and experience-building.