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Corporate Board of Directors’ Attributes and Audit Fees

Author

Listed:
  • Sanyaolu Wasiu Abiodun

    (Department of Accounting, University of Benin, Benin city, Edo State, Nigeria)

  • Tonade Abiola Mukaila

    (Department of Accounting, Crescent University, Abeokuta, Ogun State, Nigeria)

  • Adejumo Babatunde Titus

    (Director General, Debt Management Office, State of Osun, Abere, Nigeria)

Abstract

This study examines the effect of corporate board of directors’ attributes on audit fees for Nigerian listed Deposit Money Banks (DBMS). The study adopts an ex post facto research design and uses data on 10 deposit money banks sampled via purposive sampling technique using data spanning from 2012 to 2018. Results based on Generalized Method of Moment show that corporate board of directors’ proxies do not significantly influence audit fees of Nigerian deposit money banks. However, firm size and profitability are found to affect external audit fee significantly. The study therefore concludes that corporate boards of directors’ attributes do not individually significantly affect audit fees in Nigerian listed Deposit Money Banks. Arising from the findings, it is recommended that corporate governance practices should be strengthened so as to aid external audit.

Suggested Citation

  • Sanyaolu Wasiu Abiodun & Tonade Abiola Mukaila & Adejumo Babatunde Titus, 2021. "Corporate Board of Directors’ Attributes and Audit Fees," Acta Universitatis Sapientiae, Economics and Business, Sciendo, vol. 9(1), pages 156-172, September.
    • Handle: RePEc:vrs:auseab:v:9:y:2021:i:1:p:156-172:n:8
    DOI: 10.2478/auseb-2021-0009
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    board size; board independence; board diligence; audit fee and GMM;
    All these keywords.

    JEL classification:

    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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