Research Article

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

Musa Musa Muhammad1*, Idris Adamu Adamu1, Alasan Ali Ibrahim2
1 Department of Accounting, Federal University Dutsin-Ma Katsina
2 Department of Business Administration, Faculty of Management Sciences, National Open University of Nigeria
* Corresponding author: musamusamuhammad@femsbukjournals.org.ng
Published: Oct, 2024
DOI: 10.67894/bbr.2024.6cxahbha
Pages: 170-180
Views: 9
Downloads: 3

Abstract

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.

Keywords

Audit lag audit committee attributes banking sector Nigeria.

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How to Cite

Muhammad, M. M., Adamu, I. A., & Ibrahim, A. A. (2024). Revisiting the Impact Of Audit Committee Attributes On Audit Lag In The Banking Sector Of The Nigerian Exchange Group. Bayero Business Review, 8(2), 170-180. https://doi.org/10.67894/bbr.2024.6cxahbha

M. M. Muhammad, I. A. Adamu, and A. A. Ibrahim, "Revisiting the Impact Of Audit Committee Attributes On Audit Lag In The Banking Sector Of The Nigerian Exchange Group," Bayero Business Review, vol. 8, no. 2, pp. 170-180, October 2024. doi: 10.67894/bbr.2024.6cxahbha

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