EFFECT OF AUDIT COMMITTEE CHARACTERISTICS ON CREDIBILITY OF
EXTERNAL AUDITORS’ REPORTS OF LISTED BANKS IN NIGERIA

EKARUWE MOSES
DEPARTMENT OF ACCOUNTING DELTA STATE POLYTECHNIC, OTEFE - OGHARA
mosbeyy@gmail.com
08052227197
M.C. Okafor
MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE
M.C. Ekwe
MICHAEL OKPARA UNIVERSITY OF AGRICULTURE, UMUDIKE

The study examined effect of audit committee characteristics on credibility of auditors’ report
using quoted commercial banks on Nigeria Stock Exchange for the periods, 2006-2017. The
independent variables for the study include audit committee financial expertise, audit
committee independence, audit committee meetings and audit committee size whilst earning
quality forms the dependent variable. Using a panel regression, the study finds that audit
committee characteristics had positive effect on earnings quality of listed commercial banks in
Nigeria. The study recommends that the regulatory bodies may consider putting in place a
regulation that will ensure that all audit committee members have proven experience in
financial and accounting matters. Also, they should have a minimum meeting attendance rate
of 85% per member.
Key words: Audit Committee Characteristics, Auditor Report, Commercial Banks, Panel
Regression, Nigeria.

Download Full Text

Leave a Reply

Your email address will not be published.