Audit Committee Report in Corporate Financial Statements: Users Perception in Nigeria (Published)
This study aimed at investigating users’ perception of the inclusion of audit committee report in corporate financial statements. Questionnaires were used to elicit information from respondents. The Chi-Square statistical tool was employed in the analysis and testing of the various hypotheses raised. It was discovered that the audit committee report does not significantly affect the quality of financial reporting although some users consider it in their decision making process. Hence, it is recommended that it should not be a compulsory report so as to reduce cost, waste and make the financial statement brief yet weighty and relevant.
Keywords: Audit Committee, Corporate Financial Statement