Original Research Article | OPEN ACCESS
Corporate Governance Practices and External Auditors’ Reporting Lag in Nigeria

Kenny Adedapo Soyemi2 , Wasiu Abiodun Sanyaolu2, Rafiu Oyesola Salawu3,

1Department of Accounting, Olabisi Onabanjo University, Ago-Iwoye, Nigeria; 2Department of Accounting, Crescent University, Abeokuta, Nigeria; 3Department of Management & Accounting, Obafemi Awolowo University, Ile-Ife, Nigeria.

For correspondence:-  Kenny Soyemi   Email: ade.soyemi@gmail.com

Received: August 25, 2019        Published: December 21, 2019

Citation: Soyemi KA, Sanyaolu WA, Salawu RO, Corporate Governance Practices and External Auditors’ Reporting Lag in Nigeria. Account Tax Rev 2019; 3(4):15-31 doi:

© 2019 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


In line with the notion that efficient corporate governance will improve performance and protect the interest of the shareholders, this study examined the influence of corporate governance practices on audit report lag in Nigeria non-financial firms. This study was achieved via regression analysis on secondary data obtained from the annual reports and accounts of the 21 sampled non financial firms by listed on the Nigerian stock exchange using a purposive sampling technique. From the findings, it was discovered that board size, gender diversity, board meetings and audit committee meetings have no significant negative effect on audit report lag while board and audit committee independence were found to exert negative significant influence on audit report lag of the selected firms. The study could not found evidence in support of a significant negative influence of firm size as a control variable on audit report lag. Arising from findings, the study concludes that board and audit committee independence are the significant drivers of auditreport lag in Nigerian non financial firms. Arising from the conclusion, the study recommends that board independence should be encouraged so as to reduce the efficacy of audit delay.

Keywords: Corporate governance, audit report lag, annual reports, Nigeria

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