DIRECTORS’ ATTRIBUTES AND FINANCIAL STATEMENT FRAUD

ABSTRACT

This study aimed at further examining the relationship between the attributes of Directors and Financial Statement Fraud. It is no new development that Financial Organizations globally suffer immensely every year from Fraud committed by it’s members, and, specifically it’s management. And the impacts were felt by the various stakeholders. So to combat this plague, in line with previous empirical research, this study examines the nexus between Directors’ Attributes and Financial Statement Fraud using data collected from 21 firms under the consumer goods sector of the Nigeria Stock exchange between 2018 and 2022 financial year. A correlational research design was employed in analyzing the data. The results reveal that Directors’ Independence has a substantial impact on financial statement fraud likelihood. It also reveals that there is no significant relationship between Directors’ Expertise and Financial Statement Fraud. However, the relationship between Directors’ Social ties and Financial Statement Fraud could not be analyzed given the lack of corresponding coefficients and statistics from the regression model.