Audit Committee Meeting, Expertise and Financial Reporting Quality of Listed Deposit Money Banks in Nigeria
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 1
Abstract
: This study examines the effect of audit committee meeting and expertise on financial reporting quality of listed deposit money banks (DMB’s) in Nigeria. The study uses panel data obtained from the Nigerian Stock Exchange fact books and the financial statements of fifteen (15) listed deposit money banks over a period of ten years (2007-2016). The study uses cross sectional and time series research design. The modified Jones (1991) model was adopted to measure financial reporting quality. The data was analyzed using STATA. The study reveals and concludes that the effect of audit committee meeting on the financial reporting quality of listed deposit money banks in Nigeria in model 1 is positive and insignificant while it is negative and insignificant in model 2. Also, the study reveals that the effect of audit committee expertise on the financial reporting quality of listed deposit money banks in Nigeria is negative and insignificant in model 1 while in model 2 it is negative and insignificant. Based on the conclusion, the study recommends that the management of DMB’s should ensure audit committee members are encouraged to attend meetings regularly. It is evident that in some instances meetings are sparsely attended by members which has tendency of affecting the quality of contributions that would have been made if most or all members were to be in attendance. Management of DMB’s should consider the regulation on audit committee expertise to ensure reliable financial reporting of high quality. This will increase the overall credibility of the accounting profession as well.
Authors and Affiliations
Joseph Majiyebo Onyabe, Joshua Okpanachi Ph. D, TerzungweNyor Ph. D, OnipeAdabenegeYahaya Ph. D, Ahmed Mohammed
Keywords
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- EP ID EP414523
- DOI 10.9790/5933-0901046067.
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