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Audit Committee Financial Expertise: Antidote for Financial Reporting Quality in Nigeria?

Ojeka, Stephen and Iyoha, F. O. and Asaolu, Taiwo (2015) Audit Committee Financial Expertise: Antidote for Financial Reporting Quality in Nigeria? Mediterranean Journal of Social Sciences, 6 (1). pp. 136-146. ISSN 2039-2117

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Abstract

Audit committee financial expertise is vital to the quality of financial reporting. This study empirically investigates the impact of audit committee financial expertise on the quality of financial reporting. The financial reporting quality was measured by reliability (total accrual quality) and relevance (audit report lag). Fifteen money deposit banks were selected and data was collected for the period (2003-2012). Analyses were carried out using Correlation, Ordinary Least Square and Panel Lest Square. The study found, after controlling for firm size, audit type, age of firm, audit committee meeting and audit committee size, that, audit committee financial expertise showed a negative coefficient for total accrual quality and audit report lag. This means financial expertise has a positive significant impact on financial reporting quality in Nigeria. The study, therefore, recommends that more attention should be given to the financial expertise of directors being recommended to the audit committee.

Item Type: Article
Uncontrolled Keywords: Audit Committee, Financial Reporting Quality, Money Deposit Banks, Nigeria
Subjects: H Social Sciences > H Social Sciences (General)
Divisions: Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User: Mrs Hannah Akinwumi
Date Deposited: 27 Jun 2017 10:35
Last Modified: 14 Sep 2017 09:10
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/8467

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