IIARD International Institute of Academic Research and Development

IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH (IJBFR )

E-ISSN 2695-1886
P-ISSN 2672-4979
VOL. 9 NO. 4 2023
DOI: https://doi.org/10.56201/ijbfr.v9.no4.2023.pg42.52

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Risk Management Committee and Financial Reporting Quality: Evidence from Quoted Deposit Money Banks in Nigeria

Amah Kalu Ogbonnaya &Amauwa Basil, C

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Abstract

The study investigated the extent to which presence of Risk Management Committee has exerted influence on Financial Reporting Quality of money Deposit Banks in Nigeria. A total of 10 money deposit Banks were selected for the study. Time series data were obtained from annual report of the money deposit Banks from 2006-2019 Accruals model was used to compute the proxy for financial reporting quality, while risk management committee is calculated by the number of people on the committee board. Regression analysis was used to analyse the data. The study indicate that risk management committee has impact on Financial reporting quality of Money deposit Banks in Nigeria. The study therefore concludes that the Risk management committee should be given upper hand to critically scrutinize investments before the banks invest in them, as most of the portfolios that the Banks carry out are heavily risky in nature. The study recommends that Nigeria secturies and Exchange commission should strengthen it regulation to ensure full compliance since it only 64% of listed Banks compliances and also for Banks to practice prudent risk management and safeguarding of their assets.

keywords:

Risk Management Committee, Deposit Money Banks, Accrual Model, Nigeria Securities and Exchange Commissions

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References:

Abdullah, A., & Ismail Ku,N. I.K., (2016). The effectiveness of risk management
Committee and hedge accounting practices in Malaysia information journal 19(713)
2971-2976

Amran, A., Manat, R. B.A. &Che, H. M. H. B., (2008) Risk reporting on exploratory
Study on risk management disclosure in Malaysian annual reports. Management
auditing journal 24(1) 39-57

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