Board Effectiveness and Audit Quality in Nigeria: A Perspective Study
Journal Title: International Journal of Management Sciences - Year 2014, Vol 2, Issue 9
Abstract
The purpose of this paper is to investigate the relationship between corporate board effectiveness and external audit quality. Four board characteristics were used as proxies for measurement of board effectiveness. These are frequency of meetings, board size, proportion of non- executive directors on the board and share ownership by members of the board. A questionnaire survey of 52 professional accountants was undertaken. Descriptive and inferential statistics were used to analyse the data of study. The findings suggest that board effectiveness is positively associated with external audit quality. We found no evidence of significant differences in the perceptions of respondents on the relationship between board effectiveness and audit quality according to gender, job type and experience. These findings reinforce the need for company boards in Nigeria to strive for more effectiveness in order to impact positively on audit quality in Nigeria.
Authors and Affiliations
Okaro Sunday Chukwunedu, Okafor Gloria Ogochukwu
Keywords
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