Reliability of the audit committee in weak institutional environments: Evidence from Nigeria

Simple item page
dc.contributor.authorAshiru, Folajimi
dc.contributor.authorAdegbite, Emmanuel
dc.contributor.authorFrecknall-Hughes, Jane
dc.contributor.authorDaodu, Olabisi
dc.date.acceptance2024-02-26
dc.date.accessioned2024-07-09T12:47:19Z
dc.date.available2024-07-09T12:47:19Z
dc.date.issued2024
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.
dc.description.abstractRelying on institutional theory, this article presents external stakeholders’ perspectives on the factors that influence audit committees’ independence and reliability in a weak institutional context. We conducted 37 semi-structured interviews with two critical external stakeholder groups (27 experienced professional investors and 10 senior regulatory officials) in the Nigerian banking sector. Our study finds that the independence of audit committee members, being an ‘a posteriori’ rather than an ‘a priori’ accountability verification, bears institutional contextual bias. Consequently, we unpack five factors (allegiance to the dominant owner; poor professional conduct; corruption; nepotism and opportunism; and impunity) that influence external stakeholders’ perception of the reliability of the audit committee’s independence in Nigeria.
dc.funderNo external funder
dc.identifier.citationAshiru, F.; Adegbite, E.; Frecknall-Hughes, J. and Daodu, O. (2024) Reliability of the audit committee in weak institutional environments: Evidence from Nigeria. Journal of International Accounting, Auditing and Taxation,
dc.identifier.urihttps://hdl.handle.net/2086/23983
dc.language.isoen
dc.peerreviewedYes
dc.researchinstituteCentre for Research in Accountability, Governance and Sustainability (CRAGS)
dc.rightsAttribution-NonCommercial-NoDerivs 2.0 UK: England & Walesen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/2.0/uk/
dc.subjectAudit committee
dc.subjectindependence
dc.subjectaccountability
dc.subjectexternal stakeholders
dc.subjectNigeria
dc.titleReliability of the audit committee in weak institutional environments: Evidence from Nigeria
dc.typeArticle

Files

Original bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
Reliabiliy of the Audit Committee in Weak Institutional.docx
Size:
338.21 KB
Format:
Microsoft Word XML
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
4.2 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

School of Accounting, Finance and Economics