KPMG audits 5 of Nigeria’s 12 listed banking groups

Key takeaways

  • Listed banking groups in Nigeria are all audited by the big four
  • KPMG is the top auditor for the industry, auditing five companies
  • Deloitte audits four companies, close behind KPMG
  • EY and PwC audit three of the five tier one banks

Listed companies are obligated to publish financial statements and external auditors play a key role in this. The world's largest auditors, also called the big four, audit Nigerian banking groups. KPMG audits five of the twelve listed banking groups, emerging as the top auditor for the industry. It is closely followed by Deloitte, auditors for FCMB, Fidelity, Sterling and Ecobank. While EY and PwC audit only three banks combined, all three are tier one banks.

Source:

NGX Group, Company annual reports

Period:

2023
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