Open AccessCorporate Governance and Financial Statement Fraud among Listed Firms in Nigeria
Author(s) -
Uwalomwa Uwuigbe,
O. Olorunshe,
Uwalomwa Uwuigbe,
Emmanuel Ozordi,
Osariemen Asiriuwa,
Taiwo Olufemi Asaolu,
Olayinka Erin
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/331/1/012055
Subject(s) - accounting , audit committee , financial statement , corporate governance , business , independence (probability theory) , stock exchange , audit , population , chief audit executive , finance , internal audit , joint audit , statistics , demography , mathematics , sociology
The study looked into the association which exists amid financial statement fraud and governance among business organizations in Nigeria. A population of 122 non-financial companies registered on Nigeria stock exchange was limited to 20 firms employing the rule of thumb based on stratified and simple random technique for a period of 2012-2016. The method of data analysis is panel regression. The dependent variable, fraud in the financial statement was measured using the Beneish M-score model while the independent variable was measured using audit committee independence, board structure. Findings show that an insignificant association exist amid audit committee independence, the composition of the board and financial statement fraud. This research design suggests regarding the reduction of the occurrence of financial statement fraud, less emphasis should be placed on audit committee independence, board composition and independent non-executive directors’ effectiveness.