The effect of audit committee attributes on compliance with IAS 24-related party disclosure: An empirical study

Abstract

Purpose

This paper aims to investigate the compliance with IAS 24 and possible audit committee attributes that can influence companies in Ghana to disclose related party (RP) information in their annual reports.

Design/methodology/approach

Different univariate tests and multivariate regressions have been used to examine the hypotheses. The sample includes 120 firm-year observations for the period 2013-2016.

Findings

The findings of the paper reveal that related party disclosure compliance is influenced by audit committee gender, audit committee independence and ownership concentration.

Originality/value

To the best of the author’s knowledge, there are no empirical studies that have addressed the effect of audit committee attributes on IAS 24 in Ghana and the second of such study in sub-Saharan Africa.

Citation

Agyei-Mensah, B.K. (2019), "The effect of audit committee attributes on compliance with IAS 24-related party disclosure: An empirical study", International Journal of Law and Management, Vol. 61 No. 1, pp. 266-285. https://doi.org/10.1108/IJLMA-03-2018-0056