What is the effect of board IT expertise on financial statement fraud in Nigerian deposit money banks?

Understand the Problem

The question is asking about the impact of having IT experts on the board of directors of Nigerian banks on the occurrence of financial statement fraud. It explores whether increased IT expertise helps to prevent or detect such fraud.

Answer

Board financial expertise generally reduces financial statement fraud in Nigerian banks.

While a definitive answer requires specific study on IT expertise, research suggests that board financial expertise generally decreases the likelihood of financial statement fraud in Nigerian banks. Independent and frequent board meetings may also improve financial reporting quality.

More Information

While the search results don't directly address IT expertise, they highlight the importance of board financial expertise and governance practices in preventing financial statement fraud in Nigerian banks. It is logical to infer that board IT expertise could have a similar positive effect.