Effect Of Audit Committee Characteristics On The Financial Performance Of Quoted Companies In Nigeria:- Okiyih, Florence C.
ABSTRACT
The composition and character of
the audit committee plays significant role in influencing the organization
performance. However, very few studies have addressed or shown how audit
committee characteristics influence firms performance in Nigeria. This research
aims at establishing the effect of audit committee characteristics on financial
performance of quoted companies in Nigeria. To establish the effect of audit
fee on firms performance, to ascertain the impact of audit meeting and determine
the effect of audit independence, this study uses the agency theory and
institutional theory. This study adopted an expo-facto design. The study was
conducted in firms listed on the Nigeria stock exchange for the period ranging
from 2010 to 2015. This study thus utilized data from four agro companies on
the Nigerian stock exchange. Descriptive statistics where used to analyze the
data. Multiple regression was used because its ability to use multiple
independent, variables to estimate their effect on a single dependent variable.
Research findings showed that the audit fee and audit independence have a
significant effect on the profitability of a firm, whereas audit meeting have
no significant effect on profitability ofthe firm. The presence of audit
members with experience^will also reduce financial misreporting and increase
quality monitoring in other words, having experienced audit committee members
should be the major priorities for firms.
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FLORENCE, C (2023). Effect Of Audit Committee Characteristics On The Financial Performance Of Quoted Companies In Nigeria:- Okiyih, Florence C.. Repository.mouau.edu.ng: Retrieved Dec 26, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-characteristics-on-the-financial-performance-of-quoted-companies-in-nigeria-okiyih-florence-c-7-2
CHIAMAKA, FLORENCE. "Effect Of Audit Committee Characteristics On The Financial Performance Of Quoted Companies In Nigeria:- Okiyih, Florence C." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 21 Nov. 2023, https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-characteristics-on-the-financial-performance-of-quoted-companies-in-nigeria-okiyih-florence-c-7-2. Accessed 26 Dec. 2024.
CHIAMAKA, FLORENCE. "Effect Of Audit Committee Characteristics On The Financial Performance Of Quoted Companies In Nigeria:- Okiyih, Florence C.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 21 Nov. 2023. Web. 26 Dec. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-characteristics-on-the-financial-performance-of-quoted-companies-in-nigeria-okiyih-florence-c-7-2 >.
CHIAMAKA, FLORENCE. "Effect Of Audit Committee Characteristics On The Financial Performance Of Quoted Companies In Nigeria:- Okiyih, Florence C." Repository.mouau.edu.ng (2023). Accessed 26 Dec. 2024. https://repository.mouau.edu.ng/work/view/effect-of-audit-committee-characteristics-on-the-financial-performance-of-quoted-companies-in-nigeria-okiyih-florence-c-7-2