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Audit Committee Attributes and Corporate Performance: Evidence from Selected Manufacturing Firms in Nigeria (Published)

The study examined the relationship between audit committee attributes and performance of manufacturing firms in Nigeria. Ex post facto research design was used while the data source for analysis was secondary and drawn from 2012-2019. Using judgemental sampling method, fifteen (15) firms were selected from the listed manufacturing firms in Nigeria. Data collected were analysed while the hypotheses formulated were tested using Pearson correlation matrix. The result revealed that audit committee size and audit committee meetings have positive association with performance of manufacturing firms in Nigeria; while audit committee independence has a negative association with performance of manufacturing firms in Nigeria. Based on the findings, the study recommends that the corporate governance discussions should be re-focused from independence to size and meetings of the audit committee. A ceiling should be pegged on the minimum number of meetings audit committee members should attend in a financial year.

Citation: Okeke P. C., (2021) Audit Committee Attributes and Corporate Performance: Evidence from Selected Manufacturing Firms in Nigeria, European Journal of Accounting, Auditing and Finance Research, Vol.9, No. 9, pp.1-17

 

Keywords: Firm Performance, audit committee independence, audit committee meetings, audit committee size