ABSTRACT
The study focused
on audit committee attributes and
financial performance of listed commercial banks in Nigeria. Ex-post facto research design was adopted.
Data were collected through secondary means from annual financial reports and
accounts of the selected commercial banks. The population of the study is made
up of all the commercial banks listed on Nigeria Stock Exchange, while the
sample size is made up of 10 listed commercial banks after adopting judgmental
sampling. Panel data were to analyzed regression analysis. The findings
revealed that audit committee attributes have insignificant effect on return on
asset and return on equity of listed commercial banks in Nigeria. The findings
also revealed that audit committee attributes have a significant effect on earnings
per share and profit after tax of listed commercial banks in Nigeria. Based on
the findings, the study recommends that commercial banks should ensure that all the relevant
audit committee attributes (such as independence, size and meetings) are
maintained to avoid any form of mismanagement that could be attributable to
inadequate audit committee attributes. This will in turn improve the return on
asset of commercial banks. The study also recommends that the return on equity
of commercial banks should be improved by maintaining quality audit members who
will be independent, ensure that they are up to six in number and ensure that
they hold meeting at least four (4) times in a year.
ETUKUDO, E (2024). Audit Committee Attributes And Financial Performance Of Listed Commercial Banks In Nigeria:- Etukudo, Joe W. Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/audit-committee-attributes-and-financial-performance-of-listed-commercial-banks-in-nigeria-etukudo-joe-w-7-2
ETUKUDO, ETUKUDO. "Audit Committee Attributes And Financial Performance Of Listed Commercial Banks In Nigeria:- Etukudo, Joe W" Mouau.afribary.org. Mouau.afribary.org, 15 Apr. 2024, https://repository.mouau.edu.ng/work/view/audit-committee-attributes-and-financial-performance-of-listed-commercial-banks-in-nigeria-etukudo-joe-w-7-2. Accessed 31 Oct. 2024.
ETUKUDO, ETUKUDO. "Audit Committee Attributes And Financial Performance Of Listed Commercial Banks In Nigeria:- Etukudo, Joe W". Mouau.afribary.org, Mouau.afribary.org, 15 Apr. 2024. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/audit-committee-attributes-and-financial-performance-of-listed-commercial-banks-in-nigeria-etukudo-joe-w-7-2 >.
ETUKUDO, ETUKUDO. "Audit Committee Attributes And Financial Performance Of Listed Commercial Banks In Nigeria:- Etukudo, Joe W" Mouau.afribary.org (2024). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/audit-committee-attributes-and-financial-performance-of-listed-commercial-banks-in-nigeria-etukudo-joe-w-7-2