Board Characteristics And Quality Financial Reporting In Nigeria

CHAPTER ONEINTRODUCTIONBackground to the StudyThe quality of decisions that users can make is largely dependent on the quality of information available to them. This information can be quantitative (financial) or qualitative (non-financial) both of which require a reasonable level of skills on the side of the user to effectively interpret and use. The published financial statements prepared by the directors of companies and certified by external auditors remain the primary means of informing users about financial performance, progress and position of the firm. All things being equal, the audit…