Corporate Governance and Fraudulent Financial Reporting in Nigerian Quoted Banks
The study examined corporate governance and fraudulent financial reporting in Nigerian quoted banks. This study used a sample of 12 quoted banks in the Nigerian Stock Exchange that have consistently published their annual audited financial report for the period of 2012 to 2019. The data collected are analyzed using descriptive statistics, correlation analysis and panel regression approach. The results showed that board independence have a negative and insignificant relationship with fraudulent financial reporting, board size showed a negative and insignificant relationship. It was however revealed that audit committee had a positive but insignificant relationship; while ownership structure has a positive and significant relationship with fraudulent financial reporting at 1% level of significance. The study therefore recommended that banks management should strategically consider the ownership structure of the bank because it leads to the presence of fraudulent financial reporting. Keywords: Audit Committee Existence, Board Independence, Board Size, Corporate Governance, Fraudulent Financial Reporting and ownership structure.