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

Amah Kalu Ogbonnaya 1 , Michael Chidiebere Ekwe 2 , John Uzoma Ihendinihu 3
1,2&3 Accounting Department, College of MagementSciences,MichaelOkpara University of
Agriculture, Umudike, Abia State Nigeria
Correspondence
Email: kaluogbonnaya30@yahoo.com, 08037790090

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 the banks invest in them, as most of the portfolios that the
Banks carry out are heavily risky in nature. The study recommends that Nigeria secturies
and Exchange commission should strengthen it regulation to ensure full compliance since
it only 64% of listed Banks compliances and also for Banks to practice prudent risk
management and safeguarding of their assets.
KEY WORDS: Risk Management Committee, Deposit Money Banks, Accrual Model,
Nigeria Securities and Exchange Commissions

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