Board Effectiveness and Audit Quality in Nigeria: A Perspective Study

Okaro Sunday Chukwunedu and Okafor Gloria Ogochukwu

International Journal of Management Sciences, 2014, vol. 2, issue 9, 406-417

Abstract: The purpose of this paper is to investigate the relationship between corporate board effectiveness and external audit quality. Four board characteristics were used as proxies for measurement of board effectiveness. These are frequency of meetings, board size, proportion of non- executive directors on the board and share ownership by members of the board. A questionnaire survey of 52 professional accountants was undertaken. Descriptive and inferential statistics were used to analyse the data of study. The findings suggest that board effectiveness is positively associated with external audit quality. We found no evidence of significant differences in the perceptions of respondents on the relationship between board effectiveness and audit quality according to gender, job type and experience. These findings reinforce the need for company boards in Nigeria to strive for more effectiveness in order to impact positively on audit quality in Nigeria.

Keywords: External Audit; Audit Quality; Board; Effectiveness; Frequency; Independence; Size; Shares (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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