Audit Committee Ineffectiveness Delays Financial Reporting in Nigeria
The study looked at how the effectiveness of audit committees affects how quickly companies in the food and beverages industry in Nigeria report their financial information. They found that the size of the audit committee and how often they meet doesn't have a significant impact on how quickly financial reports are completed. However, having more frequent meetings could potentially speed up the reporting process. The researchers suggest that audit committees should stick to the regulatory limit of six members.