The Effect of Audit Committee Resources on Accounting Reporting Quality of Listed Oil and Gas in Nigeria

Johnson Oladipo Iwametan, Miko Nurudeen Usman, Hauwa Sanusi. Junaid and Isuwa Dauda
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Johnson Oladipo Iwametan: Post-BSc. MSc. ACA. CITN. FCFIA, Department of Accounting, Faculty of Social and Management Science, Kaduna State University, Kaduna State, Nigeria.
Miko Nurudeen Usman: PhD, Department of Accounting, Faculty of Social and Management Science, Kaduna State University, Kaduna State, Nigeria
Hauwa Sanusi. Junaid: Department of Accounting, Faculty of Social and Management Science, Kaduna State University, Kaduna State, Nigeria.
Isuwa Dauda: PhD, Department of Accounting, Faculty of Social and Management Science, Kaduna State University, Kaduna State, Nigeria.

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 7, 614-627

Abstract: This study focuses on the link between audit committee resources and accounting reporting quality proxy by accrual quality of listed Oil and Gas firms in Nigeria. The aim is to examine whether audit committee variables such as female gender, size, and accounting certification expert have an oversight effect on financial reporting quality. The study employed ex-post facto and correlational research designs and adopted agency theory to underpin the study. The population of the study is twelve (12) oil and gas firms listed on the Nigerian Exchange Group as of December 31, 2021. The study covered a- ten years period from 2012 to 2021. Ten (10) oil and gas firms were sampled using the purposive sampling method. The information is taken from audited yearly accounts of the sampled firms, which formed a panel data set that was analyzed using the multiple regression method of analysis. The study provides empirical evidence that Audit Committee-female gender (ACFG), Audit Committee Size (ACSZ), and Audit Committee Accounting Certification expert (ACAE) influence the Financial Reporting Quality of listed Oil and Gas firms in Nigeria. Policymakers should provide policy on the composition of the committee human resources to spelt out their functions effectively, hence we endorsed that the selection of autonomous directors ought to be built on the prior annals of the person’s history in terms of performance relatively. The government should consider the practicality of the results and make provision for at least two accounting certification resources in the audit committee to grip multifaceted financial entities more effectively. Similarly, females genders are multitasking, and they are required to better accounting norms, these are in other to secure the demand of investors generally in Oil and Gas firms listed in Nigeria.

Date: 2023
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