CORPORATE GOVERNANCE AND AUDIT QUALITY OF LISTED DEPOSIT MONEY BANKS IN NIGERIA.
Keywords:Corporate governance, Board size, Board meetings, Audit committee size, Audit fee.
Corporate governance refers to the structural mechanisms put in place to regulate the financial and non financial activities of the firms towards effective and efficient performance. Corporate governance, as a concept, can be viewed from at least two perspectives: a narrow one in which it is viewed merely as being concerned with the structures within which a corporate entity or enterprise receives its basic orientation and direction; and a broad perspective. The study focused on corporate governance and audit quality of listed deposit money banks in Nigeria. The independent variables for this study are; board size, board meetings, audit committee size while the dependent variable is audit fee. To achieve the objectives of the study, ex-post facto research design was adopted. The source of data collection is secondary data. Data were generated from annual reports and accounts of the selected commercial banks. The data collected were analyzed using multiple regression analysis. The finding revealed that (i) Board size has no significant effect on audit fee of listed deposit money banks in Nigeria (ii) Board committee meeting has no significant effect on audit fee of listed deposit money banks in Nigeria (iii) Audit committee size has no significant effect on audit fee of listed deposit money banks in Nigeria. The study recommends that regulatory bodies in Nigeria should ensure that all the board representatives are independent. The study also recommends that corporate organizations should ensure they have the actual number of board of committee required by the regulatory authority. That would enhance Corporate governance, Board size, Board meeting, Audit committee size, Audit fee audit quality of corporate firms.