Audit Committee and Financial Reporting Quality of Listed Consumer Goods Firms in Nigeria: Moderating Role of Managerial Shareholdings

Horsfall Ekenta Saturday, Professor Joshua Okpanachi and Samuel Gambo Joshua PhD
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Horsfall Ekenta Saturday: Nigerian Defence Academy, Kaduna, Nigeria
Professor Joshua Okpanachi: Nigerian Defence Academy, Kaduna, Nigeria
Samuel Gambo Joshua PhD: Nigerian Defence Academy, Kaduna, Nigeria

International Journal of Research and Scientific Innovation, 2023, vol. 10, issue 9, 303-313

Abstract: The quality of a firm’s financial report is crucial for assessing its wellbeing and boosting investor’s confidence. The number of financial scandals in recent years has increased questions about the financial reporting quality being presented for shareholder’s decision-making. This study examines audit committee and financial reporting quality of listed consumer goods firms in Nigeria: moderating role of managerial shareholding. Secondary data covering a period of 15 years from 2007 – 2021 were extracted from the sample of 16 firms chosen from the population of 21 consumer goods firms that were listed on the Nigerian Exchange Group as at December 31, 2022. Multiple regression analysis results show that audit committee size and financial accounting expertise significantly impact the quality of financial reporting. Additionally, managerial shareholding is a significant factor in the relationship between the audit committee and financial reporting quality.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:bjc:journl:v:10:y:2023:i:9:p:303-313

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