Audit Committee Attributes and Audit Reporting Lag of Listed Industrial Goods Companies in Nigeria
DOI:
https://doi.org/10.61143/umyu-jafr.9(1)2026.001Keywords:
Audit Reporting Lag, Audit Committee Independence, Financial Expertise and MeetingsAbstract
This study examined the influence of audit committee attributes on audit reporting lag (ARL) of listed industrial goods companies in Nigeria from 2020 to 2024. Using an ex post facto research design, secondary data were collected from the annual reports of 10 selected companies among the 13 industrial goods firms listed on the Nigerian Exchange Group (NXG). The study focuses on three key audit committee attributes: audit committee financial expertise (AFEXP), audit committee independence (ACI), and audit committee meetings (ACM), while controlling for firm size, leverage, and firm age. Data were analyzed using multiple regression. The findings revealed that audit committee meetings (ACM) and audit committee independence (ACI) have a significant effect on audit reporting lag of listed Industrial goods companies in Nigeria. However, audit committee financial expertise (ACFEXP) has no significant influence on audit reporting lag of listed Industrial goods companies in Nigeria. To expedite financial reporting timeliness, audit committees in the industrial goods sector in Nigeria should be composed primarily of independent directors who can streamline agendas and focus only on essential discussions to avoid excessive meetings that would significantly delay the release of financial statements. Hence, excessive meetings should be avoided unless necessary to expedite audit processes.
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Copyright (c) 2026 Ahmed Ishaku, Zakariya'u Gurama, Halima S Mohammed, Habiba Adamu, Farida Musa (Author)
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