Audit Committee Attributes, Institutional Shareholding And Financial Reporting Quality of Listed Consumer Goods Companies in Nigeria

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Authors: Christiana Joshua Samari, Salihu Aliyu Modibbo, El-Maude Jibreel Gambo and Aminu Umaru

Abstract

This study examines how audit committee size influences the quality of financial reporting among listed consumer goods companies in Nigeria. Using an ex-post facto research design, it analyzes data from 17 companies listed on the Nigerian Exchange Group between January 2012 and December 2022. The research employed descriptive statistics, correlation, and multiple regression techniques, along with diagnostic tests such as normality, multicollinearity, and heteroscedasticity. Results show that audit committee size, independence, and financial expertise have a positive and significant impact on financial reporting quality, while audit committee meetings have a negative but insignificant effect. Additionally, institutional ownership positively influences financial reporting quality and moderates the relationship between audit committee attributes and reporting quality. The study concludes that increasing institutional ownership can enhance the effectiveness of audit committees, and it recommends that company management should encourage greater institutional ownership to improve financial reporting standards.

Keywords: Audit committee attributes, Financial reporting quality, Institutional shareholding

2025 - NIJAF - 17 - 107 Christiana ET AL..pdf

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