Effect Of Board Of Director Attributes On Financial Statement Fraud Of Listed Consumer Good Companies In Nigeria

This study evaluates the effect of board of director attributes on financial statement fraud of listed consumer goods companies in Nigeria for the period 2014 - 2023. An ex-post facto research design was adopted for the study. The population of the study consists of twenty one (21) consumer goods companies listed on the Nigerian Exchange Limited (NGX). This study utilized purposive sampling technique to arrive at fifteen (15) sample consumer goods companies for this study. The data used in this study were secondary derived from the annual reports and accounts of consumer goods companies that are listed on the NGX. The study used logistic regression to analyse data. The logistic regression result revealed that board independence and board gender diversity have a significant effect on financial statement fraud. While, corporate culture has no significant influence on financial statement fraud of listed consumer goods companies in Nigeria. The study concludes that board independence and board gender diversity reduce the odds of financial statement fraud occurring. Corporate culture has no influence on financial statement fraud. The study recommends that consumer goods companies' management in Nigeria should implement robust governance practices including internal audits, independent audit committees, and transparent decision-making to monitor financial practices and mitigate fraud risks. Additionally, fostering ethical conduct, transparency, and integrating board gender diversity initiatives can promote integrity, compliance, and inclusive leadership in these organizations