Corporate Governance and Financial Statement Fraud among Listed Firms in Nigeria

Uwuigbe, O. R. and Olorunshe, O. and Uwuigbe, U. and Ozordi, Emmanuel and Asiriuwa, Osariemen and Asaolu, T. O. and ERIN, Olayinka (2019) Corporate Governance and Financial Statement Fraud among Listed Firms in Nigeria. In: International Conference on Energy and Sustainable Environment, 2019, Online.

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Abstract

The study looked into the association which exists amid financial statement fraud and governance among business organizations in Nigeria. A population of 122 non-financial companies registered on Nigeria stock exchange was limited to 20 firms employing the rule of thumb based on stratified and simple random technique for a period of 2012-2016. The method of data analysis is panel regression. The dependent variable, fraud in the financial statement was measured using the Beneish M-score model while the independent variable was measured using audit committee independence, board structure. Findings show that an insignificant association exist amid audit committee independence, the composition of the board and financial statement fraud. This research design suggests regarding the reduction of the occurrence of financial statement fraud, less emphasis should be placed on audit committee independence, board composition and independent non-executive directors’ effectiveness.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Corporate governance, Financial statement fraud, Audit committee, Board Independent non-executive directors
Subjects:	H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	18 Nov 2021 13:07
Last Modified:	18 Nov 2021 13:07
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/15494

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