Firm Attributes and Audit Reporting Timeliness of Listed Deposit Money Banks in Nigeria
Abstract This study investigates the effect of firm attributes on the audit reporting timeliness of listed Deposit Money Banks in Nigeria from 2013 - 2023. Firm size, profitability, and audit committee size were utilized as proxies for firm attributes which is the independent variables. The study relied on data obtained from the audited annual reports of 10 sampled banks, which were analyzed using descriptive statistics, correlation analysis, and fixed-effect regression, with the assistance of STATA Version 15. The findings revealed that audit firm size had an insignificant effect on audit reporting timeliness, while profitability exhibited a positive and significant impact. Audit committee size demonstrated a significant negative effect on audit reporting timeliness. Based on these findings, the study concludes that firm attributes significantly influence the timeliness of audit reporting among listed deposit money banks in Nigeria. The study recommended amongst others that banks should strengthen their audit committees by incorporating adequate expertise and diversity to enhance governance and minimize delays in audit reporting. Furthermore, the adoption of advanced auditing technologies and data analytics is encouraged to streamline audit processes and improve efficiency. Keywords: Firm attributes, Firm size, Profitability, Audit Committee Size, Audit Reporting Timeliness
Keywords: Firm attributes, firm size, profitability, audit committee size, audit reporting timeliness
Citation: Aondoakaa, K., Iorpev, L., & Tyolumun, G.T. (2024). Firm Attributes and Audit Reporting Timeliness of Listed Deposit Money Banks in Nigeria. International Journal of Innovative Research in Accounting and Sustainability, 9(4), 54-68.