RISK MANAGEMENT COMMITTEE AND FINANCIAL REPORTING QUALITY: EVIDENCE FROM QUOTED DEPOSIT MONEY BANKS IN NIGERIA

RISK MANAGEMENT
COMMITTEE AND FINANCIAL
REPORTING QUALITY:
EVIDENCE FROM QUOTED
DEPOSIT MONEY BANKS IN
NIGERIA
Amah Kalu Ogbonnaya, Michael Chidiebere Ekwe & John Uzoma Ihendinihu Accounting Department, College of Management Sciences, Michael Okpara University of Agriculture, Umudike, Abia State Nigeriakaluogbonnaya30@yahoo.com
ABSTRACT
The study investigated the extent to which
presence of Risk Management Committee
has exerted influence on Financial Reporting
Quality of money Deposit Banks in Nigeria. A
total of 10 money deposit Banks were
selected for the study. Time series data were
obtained from annual report of the money
deposit Banks from 2006-2019 Accruals
model was used to compute the proxy for
financial reporting quality,
while risk
management committee is calculated by the
number of people on the committee board.
Regression analysis was used to analyse the
data. The study indicate that risk
management committee has impact on
Financial reporting quality of Money deposit
Banks in Nigeria. The study therefore
concludes that the Risk management
committee should be given upper hand to
critically scrutinize investments before theBook of Abstract
banks invest in them, as most of the
portfolios that the Banks carry out are
heavily risky in nature. The study
recommends that Nigeria Securities and
Exchange commission should strengthen its
regulation to ensure full compliance since it
is only 64% of listed Banks compliances and
also for Banks to practice prudent risk
management and safeguarding of their
assets.
Keywords:
Risk
Management
Committee, Deposit Money Banks, Accrual
Model, Nigeria Securities and
Exchange Commissions

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