AUDIT COMMITTEE ATTRIBUTES AND FINANCIAL REPORTING QUALITY

ABSTRACT

This research examines whether the formation of audit committees and its characteristics are associated with improved financial reporting quality. The population from which the sample was drawn is 24 companies listed on the Central Bank of Nigeria (CBN) the study covers 2012 through 2023. The sample of the study comprised of seventy 23 listed companies on the CBN which are in existence and has their annual report of 2012 to 2023 available. The model by Madugba et al. (2020) was used to measure the financial reporting quality and audit committee attributes such as independence, size, financial expertise, and meetings were considered as predictors of financial reporting. The findings underscore the critical role of audit committee independence in enhancing the accuracy of financial reporting. I further observed that audit committee independence have significant positive effect on financial reporting quality while audit committee size, expertise and meetings does not affect financial reporting. The study recommends among others that sticking and advancing such characteristics would go a long way in the shareholders interest by improving financial reporting quality