Audit committee financial expertise is vital to the quality of financial reporting. This study empirically investigates the impact ofudaudit committee financial expertise on the quality of financial reporting. The financial reporting quality was measured byudreliability (total accrual quality) and relevance (audit report lag). Fifteen money deposit banks were selected and data wasudcollected for the period (2003-2012). Analyses were carried out using Correlation, Ordinary Least Square and Panel LestudSquare. The study found, after controlling for firm size, audit type, age of firm, audit committee meeting and audit committeeudsize, that, audit committee financial expertise showed a negative coefficient for total accrual quality and audit report lag. Thisudmeans financial expertise has a positive significant impact on financial reporting quality in Nigeria. The study, therefore,udrecommends that more attention should be given to the financial expertise of directors being recommended to the auditudcommittee.
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