Corporate Governance and Audit Quality of Quoted Companies: Evidence from Nigeria
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Date
2014-09
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Publisher
Journal of Finance and Accounting Research
Abstract
This study examined corporate governance and audit quality in Nigeria. Specifically it examined board diligence, managerial ownership and audit quality of Nigerian quoted companies. The ex-post facto research design was adopted in the methodology of the study. The population consists of all quoted companies in the Nigerian Stock Exchange; a sample of 25 companies was examined for the period 2007-2012 financial year using secondary data from annual reports of the sampled companies were used for the study. The data analysis technique used is Panel Estimated Generalized Least Squares (EGLS) regression with fixed effect. The study found that board diligence enhances audit quality and was statistically insignificant while managerial ownership determine audit quality and is significant. It is recommended that the 'corporate governance code of best practices of 2010 should be re-evaluated and frequency of board meeting increased statutorily so as to enhance top management monitoring process.
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Keywords
Board diligence, managerial ownership, audit quality
Citation
Ofiafoh, E., & Ogheide, S. O. (2014). Corporate Governance and Audit Quality of Quoted Companies: Evidence from Nigeria. Journal of Finance and Accounting Research, 6(2).