Monitoring Characteristics and Financial Reporting Quality of Nigerian Listed Consumer Goods Firms

The study examines the effect of monitoring characteristics on the financial reporting quality of Nigerian listed consumer goods firms for the period of nine years from 2011-2020. The population of the study consists of all the 21 listed consumer goods firms as at 31^st December. Multiple regression technique was employed as technique of data analysis. The findings of the study reveals that all the monitoring characteristics variables used in this study significantly affect the financial reporting quality of Nigerian listed consumer goods firms. It is therefore recommended among others that, companies board in Nigerian consumer goods should be composed in such a way that the representation of non-executive directors should be minimal as it was found, encourage earnings management, hence reducing financial reporting quality. In addition, the representation by independent directors should increase from one to two members and that the chairmen of the board should be independent directors.