Effect of Audit Committee Attributes on Financial Reporting Quality of Listed Oil and Gas Companies in Nigeria

Student: HABIB Asipita SADIQ (Project, 2025)
Department of Accountancy
Kaduna Polytechnic, Kaduna

Abstract

ABSTRACT Financial reports are the most crucial components of an accounting transaction financial reporting to give information to guide stakeholders' decisions. Therefore, the study examines the effect of audit committee characteristics on financial reporting quality of oil and gas firms in Nigeria. The methodology for the study adopts an expo-facto research design, while the population is consisting of 12 listed Oil and Gas sectors; out of which, 10 firms were selected through a random sampling technique. The study concludes that board audit committee size has a significant effect except board audit independence, audit committee meeting which exert negative and insignificant effect on financial reporting quality (Big4 auditor) of listed oil and gas firms in Nigeria. Based on the conclusion, the study recommended that oil and gas firms should adhere strictly on corporate governance code in terms of board size while auditor’s independence should be increasedgreatly in order to enhance financial reporting quality. Also appropriate policyonmeetingoftheboardmembershouldbeinstitutedandincompliancewith corporate governance code of Nigeria.

Keywords
financial audit reporting effect committee quality nigeria firms listed board
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