CORPORATE GOVERNANCE AND FINANCIAL REPORTING QUALITY OF LISTED MANUFACTURING COMPANIES IN NIGERIA

This study examined the relationship between corporate governance and financial reporting quality (FRQ) of listed manufacturing companies in Nigeria. Specifically, it investigated the effect of Board Independence (BID), Board Size (BSZ), Board Professional Expertise (BPE), Audit Committee Independence (ACI), and Firm Size (FSZ) on the financial reporting quality of these companies. Survey research was adopted for the study. The population of the study consisted of the fifty-five (55) listed manufacturing companies in Nigeria. A sample of 55 listed manufacturing companies in Nigeria was selected. The data was analyzed using descriptive statistics, particularly mean scores, with a criterion mean of 5.00 used to determine the level of agreement among respondents regarding the effect of each governance variable on financial reporting quality. The findings revealed that Board Size, Audit Committee Independence, Board Independence, Board Professional Expertise had mean scores below or near the criterion mean, suggesting a joint negative and insignificant perceived influence on financial reporting quality. Based on these findings, it is recommended that the boards of listed manufacturing companies in Nigeria be appropriately structured with a reasonable number of members, include an independent audit committee, and ensure adequate CEO compensation, as these factors are perceived to contribute significantly to enhancing financial reporting quality.