AUDIT QUALITY AND EARNINGS QUALITY REPORTING OF NIGERIAN LISTED OIL AND GAS COMPANIES: THE MODERATING INFLUENCE OF AUDIT COMMITTEE

Sunday Azeita Okoughenu () and Oluwasegun Temitayo Odunsi ()
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Sunday Azeita Okoughenu: Ajayi Crowther University, Oyo, Oyo State, Nigeria
Oluwasegun Temitayo Odunsi: Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria

Contemporary Economy Journal, 2023, vol. 8, issue 4, 65-75

Abstract: This study investigates the extent audit committee moderate the link between audit quality and earnings quality reporting of listed oil and gas companies in Nigeria. The study used random sample technique to select a sample of four (4) out of the total population of eleven (11) listed oil and gas companies in Nigeria as at 31st December, 2021. The data was sourced from the audited annual reports and accounts of the companies between 2017 and 2021 and analysed with descriptive, correlation and ordinary least square regression technique. The result indicates that the extent audit committee moderate the link between audit quality and earnings quality reporting of listed oil and gas companies was negative and insignificantly. The study concludes that an increase in the members of the committee elected by board of directors would not enhance the link between audit quality and earnings quality reporting of the listed oil and gas companies in Nigeria. The study recommends among other that the shareholders of listed oil and gas companies in Nigeria should not increase the members of the audit committee among the board of directors because it would not enhance the link between audit quality and earnings quality reporting both at short and long runs.

Keywords: Audit Quality; Audit Committee; Agency Theory; Earnings Quality Reporting; Listed Oil and Gas Companies in Nigeria (search for similar items in EconPapers)
JEL-codes: M42 (search for similar items in EconPapers)
Date: 2023
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