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Audit committees: How they affect financial reporting in Nigerian companies

Madawaki, Abdulkadir and Amran, Noor Afza (2013) Audit committees: How they affect financial reporting in Nigerian companies. Journal of Modern Accounting and Auditing, 9 (8). pp. 1070-1080. ISSN 1548-6583

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This study examines whether audit committees are associated with improved financial reporting quality for a sample of Nigerian listed companies prior to and after a corporate governance code mandated new regulations for audit committees in 2003. Using a sample of 70 companies listed on the Nigerian Stock Exchange, this study uses archival data in the form of companies’ annual reports to measure the association between audit committees and improved financial reporting quality. Dechew and Dichev (2002)’s model was used to measure earnings as a proxy for financial reporting quality. The results indicate that formation of audit committees was positively associated with improved financial reporting quality.It was also found that audit committees having an independent chair and audit committee expertise were positively associated with financial reporting quality.Other audit committee characteristics examined were found to be insignificantly related to financial reporting quality.

Item Type: Article
Uncontrolled Keywords: audit committees, financial reporting quality, Nigerian listed companies
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Dr. Noor Afza Amran
Date Deposited: 21 Apr 2014 00:35
Last Modified: 18 Apr 2016 07:14
URI: http://repo.uum.edu.my/id/eprint/10613

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