AUDIT COMMITTEE CHARACTERISTICS AND FINANCIAL REPORTING LAG IN NIGERIA

Dheseviano Emiaso and Efesiri Peter-Mario Efenyumi
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Dheseviano Emiaso: Department of Accountancy;, Postal: Nnamdi Azikiwe University, Awka, Anambra State, Nigeria., https://research.icanig.org
Efesiri Peter-Mario Efenyumi: Department of Accountancy;, Postal: Nnamdi Azikiwe University, Awka, Anambra State, Nigeria., https://research.icanig.org

International Journal of Contemporary Accounting Issues-IJCAI (formerly International Journal of Accounting & Finance IJAF), 2021, vol. 10, issue 1, 62-73

Abstract: The objective of this study is to examine the relationship between audit committee characteristics and financial reporting lag in Nigeria. Specifically, this study examines the significant relationship between audit committee independence, audit committee meetings and audit committee gender diversity with financial reporting lag. It adopted ex-post facto research design and used panel data collected from top 20 performing firms in the Nigeria Stock Exchange for a period of ten years from 2010 to 2019. The data was analysed using descriptive statistics, regression and correlation analysis through E-view 9. The findings of the study show that a significant relationship exists between audit committee meeting and audit committee independence with financial reporting lag, while a non-significant relationship exists between Audit committee gender diversity and financial reporting lag. The recommendations of this study are: only executive directors that are independent are appointed as audit committee members and that they should meet more often than not as this will significantly affect the financial reporting lag of the firm.

Keywords: Financial Reporting Lag; Audit Committee Independence; Audit Committee Meeting and Audit Committee Gender Diversity (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ijafic:0048

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