Revisiting the Impact Of Audit Committee Attributes On Audit Lag In The Banking Sector Of The Nigerian Exchange Group

The objective of the study is to examine the relationship between audit committee attributes and audit report lag among listed deposit money banks in Nigeria. The study adopted a correlation research design in which secondary data are collected from the annual report published by the listed deposit money banks in Nigeria and the NSE fact book for the period of five years from 2018 to 2022. Descriptive statistics, panel regression and Hausman test were used for the data analysis. The empirical result showed that audit committee independence, and audit committee meeting has a significant negative relationship with audit report lag. Indicating that these attributes may reduce the number of days external auditor may take to append their signature in the financial statements. The study therefore, recommends that deposit money banks should continue to maintain the culture of having independent directors and have a fruitful meeting in the audit committee since it will promote timely financial reporting.