Özet:

Extant empirical literature has reported conflicting findings with respect to the effects of audit committee characteristics and risk disclosure of banks using international financial reporting standards (IFRS) compliance. Drawing on agency theory, this study examined a statutorily requisite corporate governance mechanism i.e. audit committee characteristics on IFRS7 financial instruments disclosure compliance among 14 listed banks on the Nigerian stock exchange. The study employs content analysis using sentences on static data from 2012-2014 in the annual report of the sampled banks. The random pooled OLS model is employed due to its precision and accuracy of results. Findings from the study reveal no relationship between audit committee size, audit committee meetings and firm size and risk disclosure compliance. The study found a significant positive relationship between audit committee expertise, profitability, and audit quality. Implications of the study in the Nigerian context have been discussed.

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