The nexus between audit committee characteristics and timelines of financial reporting

SUMMARY

The objective of the study was to investigate the nexus between audit committee characteristics and timelines of financial reporting using a case study of all the thirteen (13) listed deposits money banks in Nigeria. To actualise these objectives, four (4) specific hypotheses were raised and literatures were reviewed in line with these hypotheses.  The model for the study was estimated using the binary regression technique. The findings from the study showed that there is a negative and insignificant relationship between audit committee independence and timelines of financial reporting. Also, the findings revealed that the relationship between audit committee meeting and timeliness of financial reporting is significant and negative.  The study also showed that there is an insignificant and negative relationship between audit committee financial expertise and timeliness of financial reporting. Lastly, audit committee gender diversity was found to have a positive and insignificant relationship with timeliness of financial reporting. On the basis of these findings the study therefore concludes that the characteristics of audit committees do not significantly affects the timelines of financial reporting.