BOARD ATTRIBUTES AND QUALITY OF FINANCIAL REPORTING IN NIGERIAN COMPANIES: AN EMPIRICAL EVIDENCE

Abstract

The study x-rays the relationship that board expertise and board independence have on financial reporting quality in Nigeria. The study used data gathered from forty quoted companies for the period 2010-2015. The study conducted descriptive statistics and correlation matrix and the analysis was done using ordinary least square. The study revealed that board expertise had a positive significant relationship on financial reporting quality. On the other hand, board independence had a positive insignificant relationship on financial reporting quality implying that increase or decrease of members that are independent of the board has no significant impact on financial reporting quality. The study concluded that board expertise is a major determinant of financial reporting quality. The study recommended that management should increase the number of members with expertise on the board since it will go a long way in enhancing financial reporting quality among others.