The effect of audit committee attributes on compliance with IAS 24-related party disclosure

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.