Board Attributes and Fair Value Accounting Disclosure in Listed Banks in Nigeria

ABSTRACT: Fair value disclosure enhances transparency by reducing information asymmetry and providing accurate economic values of assets and liabilities. The current study examines the effect of board attributes on compliance with fair value disclosure from 2022-2024. The population of the study comprised of all banks. However purposive sampling techniques, was use to select companies. The study used panel regression. Compliance with Fair value disclosure used as dependent variable which is measure using unweighted index while board independence, board expertise and audit committee meeting were used as independent variables. Findings revealed that audit committee meeting has positive significant influence with the dependent variable. It was further reveal that board expertise and board independence has no significant effect on the disclosure of fair value disclosure of listed banks in Nigerian. In conclusion, the study finds no significant effect of board expertise and board independence on fair value disclosure compliance. This suggests that compliance in this area is likely driven more by operational mechanisms and external regulatory pressures than by board structure alone. The study recommended that governance codes regulators should continue to emphasize on of audit committee meeting.