Audit Committee Effectiveness And Audit Report Lag In Developing Economy: Nigeria Experience. (2003-2012)
ABSTRACT
Audit committee play very important roles in
financial aspects of governance as they help ensure audit quality while at the
same time protecting the interest of the investors. This study examines the
relationship between audit committee characteristics (independence, size,
meetings frequency and financial expertise) and audit report lag. Using a cross
sectional design of five (5) quoted banks in the Nigeria stock exchange market
covers a period of 2002-20 12. The data for this study were collected from the
annual reports and accounts. The collected data were analyzed using relevant diagnostics
tests. The study finds out that independence of audit committee has no
relationship with the audit report lag. It was also observed that the size has
no relationship on audit report lag. Audit expertise has no effect on the audit
report lag and the audit report committee frequency of meeting has an effect on
the audit report lag. And also, audit committee whose members possess certain
level of financial competencies would reduce the likelihood of audit report
lag. The study recommends that audit committee members should be encouraged to
possess a certain level of financial competencies in order to decrease the
likelihood of audit report lag.
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EZEMADU, I (2021). Audit Committee Effectiveness And Audit Report Lag In Developing Economy: Nigeria Experience. (2003-2012) . Repository.mouau.edu.ng: Retrieved Nov 26, 2024, from https://repository.mouau.edu.ng/work/view/audit-committee-effectiveness-and-audit-report-lag-in-developing-economy-nigeria-experience-2003-2012-7-2
IJEOMA, EZEMADU. "Audit Committee Effectiveness And Audit Report Lag In Developing Economy: Nigeria Experience. (2003-2012) " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 22 Jul. 2021, https://repository.mouau.edu.ng/work/view/audit-committee-effectiveness-and-audit-report-lag-in-developing-economy-nigeria-experience-2003-2012-7-2. Accessed 26 Nov. 2024.
IJEOMA, EZEMADU. "Audit Committee Effectiveness And Audit Report Lag In Developing Economy: Nigeria Experience. (2003-2012) ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 22 Jul. 2021. Web. 26 Nov. 2024. < https://repository.mouau.edu.ng/work/view/audit-committee-effectiveness-and-audit-report-lag-in-developing-economy-nigeria-experience-2003-2012-7-2 >.
IJEOMA, EZEMADU. "Audit Committee Effectiveness And Audit Report Lag In Developing Economy: Nigeria Experience. (2003-2012) " Repository.mouau.edu.ng (2021). Accessed 26 Nov. 2024. https://repository.mouau.edu.ng/work/view/audit-committee-effectiveness-and-audit-report-lag-in-developing-economy-nigeria-experience-2003-2012-7-2