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This research investigates how characteristics of audit committees influence CSR disclosure practices in deposit money banks in Nigeria.

April 28, 2026Open Access

Audit Committee Attribute: An Impact Analysis of Corporate Social Responsibility Disclosure Practices for Deposit Money Banks in Nigeria

MAMohammed Kayode AjapeUniversity of Johannesburg KOKayode OYEWALEUniversity of Lagos AAAbiodun Rebecca Adubu

Key Points

This research investigates how characteristics of audit committees influence CSR disclosure practices in deposit money banks in Nigeria.
Correlational research design applied to a population of fourteen DMBs listed on Nigeria Exchange Group as of 2020.
Ten DMBs were purposively selected for analysis over the period from 2016 to 2020.
Statistical analyses employed descriptive statistics, correlation, and regression tools.
The study found no significant relationship between audit committee attributes and CSR disclosure practices of Nigerian DMBs.
Recommendations were made for policymakers to promote effective audit committee characteristics to enhance disclosure integrity.

Abstract

This Paper examines the influence of audit committee characteristics on corporate social responsibility (CSR) disclosure practices in listed deposit money banks (DMBs) in Nigeria. The study is underpinned by the agency and legitimacy theories. Correlational research design was employed and the fourteen DMBs listed on the Nigeria Exchange Group (NGX) as at the end of year 2020 constituted the population. Ten DMBs were purposively selected for a period spanning 2016-2020. Statistical analyses were done on the collected data by employing descriptive statistics, correlation and regression statistical tools. The findings revealed that audit committee attributes do not significantly relate with CSR disclosure practices of the Nigerian DMBs. Therefore, this study recommended encouragement by policy-makers of the institution of audit committee with effective and efficient characteristics capable of influencing both the mandatory and voluntary disclosures in order to deepen the integrity of financial and non-financial reporting of Nigerian DMBs.

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