An Empirical Investigation of the Relationship Between Audit Committee Attributes and Fair Value Disclosure of Listed Commercial Banks in Nigeria .

Student: ROYAL Ogochukwu Onyemechi (Project, 2025)
Department of Accounting
Delta State University, Abraka, Delta State

Abstract

ABSTRACT**
The audit committee (AC) is considered an important subcommittee of the board responsible for ensuring quality financial reporting and compliance with regulatory provisions. This paper evaluates the relationship between AC attributes and fair value disclosure of listed deposit money banks in Nigeria. The study used data obtained from 2013 to 2017. Eleven (11) banks were selected as a sample from the population. In analyzing the data, the study employed panel data analysis. The random-effect model was used to evaluate the effect of the independent variables on fair value disclosure as indicated by the Hausman test. The results revealed a significant relationship between AC financial expertise and fair value disclosure while no significant relationship between other independent variables was revealed. The study recommends that the AC of listed deposit money banks in Nigeria should consist of a larger number of members with financial knowledge and experience for it to perform optimally.

Keywords
audit committee fair value disclosure financial reporting corporate governance Nigerian banks audit committee attributes IFRS 13 transparency disclosure quality financial expertise audit committee independence listed commercial banks Nigeria
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