Abstract:
Our study investigated how corporate governance variables (Board size BDSZ, Board independence BOID, Board composition BDCP and Audit tenure AUDT) affect the disclosure of KAMs using listed firms in Nigeria Stock Exchange NSE. We utilized a pooled research design which is a combination of both cross-sectional and time-series design properties. Study population comprised all the listed quoted firms on the NSE from 2017-2019, and with a purposeful sample size of thirty (30) firms that have elements of disclosure of KAMs consistently published within the period. Research analyses applied Descriptive Statistics, Correlation Analysis, Pooled Hausman Random, and Fixed Effect Model Test. We find that the Adjusted R-square value is (0.41), which indicates that corporate governance explains about 41% of the disclosure of KAMs in the polled firms under the study period; and BDSZ, BOID and BDCP have positive and significant effect on the disclosure of KAMs; while ADTN has a negative effect on the disclosure of KAMs in Nigeria. We recommend that corporate governance involvement have a cumulative effect in the disclosure of key audit matters KAMs, they should get involved in more decision making process, but be mindful that BDSZ, BOID and BDCP significantly affect the disclosure of KAMs. Our work contributes with, the rich empirical literature and the relevance of the content of the new model of KAMs applied in the study.
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