IIARD International Institute of Academic Research and Development

Journal of Accounting and Financial Management (JAFM )

E-ISSN 2504-8856
P-ISSN 2695-2211
VOL. 10 NO. 2 2024
DOI: https://doi.org/10.56201/jafm.v10.no2.2024.pg1.17

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Audit Committee and Quality Financial Reporting of Listed Industrial Goods Firms in Nigeria

Shehu Garba Muhammad & Afeez Olatunde Oladele

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Abstract

The purpose of this study is to examine the impact of audit committee and quality financial reporting of listed industrial goods firms in Nigeria, which has been an unsolved problem in the field of financial management. The study use the annual report obtained from the website of the Nigerian exchange group (NXG), 11 firms was used as a sample size while the data of the study covers the period of 2011-2022The study found that there are weak positive relationships between DACC and ACS, ACI, and ACM. There is a weak negative relationship between DACC and ACFE. These results suggest that audit committee size, independence, and meetings may be associated with discretionary accruals, but the relationships are not strong.

keywords:

Audit committee, expertise, firm, independence, meeting, quality, size.

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References:

Abubakar, S., Abubakar, M., Shehu, A. S., & Nahari, P. M. (2015). Do audit committee size and
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financial reporting in Nigeria. Accounting and Finance, 88(2), 115-124.

Al Farooque, O., Buachoom, W., & Sun, L. (2020). Board, audit committee, ownership and
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Al-Aamri, A. K., Al-musallami, F. H., Ahmed, E. R., & Qazi, M. (2021). Impact of Audit
Committees on Quality of Financial Reporting: A Study in Oman. International Journal of
Business and Management Invention (IJBMI), 10(10), 35-43.

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