International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 7, Issue 5 (2022)

Effects of audit committee attributes on corporate reporting lag of quoted agricultural firms in Nigeria


Dike Chika Gladys, Ugwu Hope Ifeyinwa, Joshua K J Onuoha

This study evaluates the effect of audit committee attributes on corporate reporting lag of quoted Agricultural firms in Nigeria. The study adopted ex post facto, research design and made use of panel data collated from the financial report of listed Agricultural firms between 2011 and 2020. The study used audit committee size, audit committee activities, audit committee financial expertise, audit committee independence and audit committee gender as explanatory as variables while corporate reporting lag as the response variable. The hypothesis formulated were tested using panel regression analysis, however, some preliminary analysis like descriptive statistics and correlation analysis were employed to test the normality of the data and check for the presence of the multi-colinearity. The result shows that the audit committee attribute variables positively explain about 50.9% of the variation in corporate reporting lag of the sampled Agricultural firms. The result of the specific objectives reveals that Audit committee expertise, Audit committee activities, and Audit committee independence has positive and significant effect on corporate reporting lag while Audit committee size, and Audit committee gender diversity has positive but insignificant effect on corporate reporting lag of agricultural firms listed on the Nigeria Exchange Group. Based on the result and findings, the study recommends that when constituting the audit committee, the Board of agricultural firms should give consideration to the expertise of the members, activities of the committee and independence of the members to be appointed into the audit committee as this could significantly impact on the on the discharge of their responsibilities and the timeliness of the corporate report.
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How to cite this article:
Dike Chika Gladys, Ugwu Hope Ifeyinwa, Joshua K J Onuoha. Effects of audit committee attributes on corporate reporting lag of quoted agricultural firms in Nigeria. International Journal of Academic Research and Development, Volume 7, Issue 5, 2022, Pages 1-7
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