ABSTRACT

The study empirically evaluates the role of Audit committee in public limited company of some related firms in Abia state. Generally, Nigeria Breweries Plc and Guinness Nigeria Plc. The intent of this study is to evaluate the role audit committees play in a firm. Audit committee has posed a eater concern because of the level of perceived management fraud and falsified financial statement and auditor 's report. Audit committee aid to bridge the expectation gap in providing a means by which the opinion expressed by Auditors on a firm 's financial statement can be seen to be unbiased and independent. The study involves the survey of Abia state Audit committees, the researcher adopted quasi or non-experimental research design in this project. The essence of this design is to enable the researcher gather information relevant to this project topic. The sample size was derived from a statistical formular by Taro Yammane (1964). In the data collection the researcher made use of primary and secondary data to answer the research question put forward in the paper a sample size of 40 respondents was selected. The data was analyzed using analysis of variance (ANOVA) test with the computer soft ware known as SPSS. As a professional body with professional ethics, greater efficiency, accountability and accuracy is required from the board. The study recommends that Audit committees should apply a degree of professional skepticism to their work and obtain reliable evidences and reports from the auditors.