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Audit committee attendance and earnings management in Nigeria


Musa Nura, Dakata and Kamardin, Hasnah and Abdul Malak, Siti Seri Delima (2017) Audit committee attendance and earnings management in Nigeria. Asian Journal of Multidisciplinary Studies, 5 (3). pp. 47-54. ISSN 2348-7186

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Abstract

Purpose- The aim of this study is to examine whether frequency of audit committee meetings and attendance in audit committee are associated with accrual earnings management.Design/methodology/approach- The sample of the study is 14 companies under the Industrial Goods sub-sector listed under the Nigerian Stock Exchange (NSE) for the years 2012-2014.Modified Jones Model (1995) was used to measure earnings management proxied by discretionary accruals. Findings- The findings show that frequency of audit committee meetings and attendance during the meetings negatively and significantly associated with discretionary accruals.Theoretical implications- This study extends the previous related literature by examining the association between audit committee meetings and attendance and earnings management.Practical implications- Regulators might use the findings of the study to regulate and further control the attendance of audit committee members during audit committee meetings.Originality/value- This paper uses agency theory to provide empirical evidence on the importance of frequent audit committee meetings and higher attendance in audit committee meetings.

Item Type: Article
Uncontrolled Keywords: earnings management, corporate governance, audit committee meeting, audit committee attendance, discretionary accruals
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Tunku Puteri Intan Safinaz School of Accountancy (TISSA)
Depositing User: Dr. Hasnah Kamardin
Date Deposited: 27 Apr 2017 01:51
Last Modified: 27 Apr 2017 01:51
URI: http://repo.uum.edu.my/id/eprint/21849

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