Record Details

Audit committee attributes and audit quality: a benchmark analysis

Business: Theory and Practice

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Field Value
 
Title Audit committee attributes and audit quality: a benchmark analysis
 
Creator Asiriuwa, Osariemen
Aronmwan, Edosa Joshua
Uwuigbe, Uwalomwa
Uwuigbe, Olubukola Ranti
 
Subject audit committee attributes
audit quality
audit committee effectiveness
audit committee size
frequency of meetings
 
Description This study examined audit committee attributes and audit quality with emphasis on the specific requirements of the 2011 SEC code. The study applied the deductive approach via the expost facto research design and the Binary probit regression model in analyzing the various hypotheses put forward in study. Data used for the study were gathered for 150 firm-year observations from the annual reports of quoted companies on the floor of the Nigerian Stock Exchange. Findings from the study revealed that audit committee size, frequency of meetings, number of expertise and overall effectiveness all have a positive relationship with audit quality. However, only size and overall effectiveness was significant in their relationship. The study recommends that since the significant positive nature of audit committee effectiveness show that four attributes jointly account for effectiveness, firms are encouraged to establish audit committees that have all these attributes. Furthermore, the requirement of having a 6-member audit committee is sound and empirically proven to aid audit quality. Therefore, firms yet to subscribe to these should hasten up, while sanctions should be made for firms that do not.
 
Publisher VGTU Press Technika
 
Date 2018-05-15
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.btp.vgtu.lt/index.php/BTP/article/view/7878
10.3846/btp.2018.05
 
Source Business: Theory and Practice; Vol 19 (2018); 37-48
1822-4202
1648-0627
 
Language eng
 
Relation http://www.btp.vgtu.lt/index.php/BTP/article/view/7878/6820
 
Rights Copyright (c) 2018 Published by VGTU Press