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
Effect of Audit Committee Characteristics on the Audit Expectation Gap: Evidence from State Corporations in Kenya (Published)
Audit committee are a vital mechanism that institutions need to monitor management’s behavior in the firm in order to enhance a proactive oversight of financial compliance, reporting and disclosure process. This study sought to identify the effect of audit committee characteristics on the audit expectation gap within the public sector in Kenya. The study was anchored on the institutional theory and the agency theory. The study adopted a descriptive research design in solving the research problem. The target population for the research was pooled from all the 119 state parastatals as well as 119 select personnel within state corporations who are users of the audit reports. The study relied on primary and secondary data. The collected data was analyzed using descriptive and inferential statistics. The findings of the study indicated that there is a statistically significant effect of audit committee characteristics on the audit expectation gap within state corporations in Kenya
Keywords: Audit Expectation Gap, audit committee composition, audit committee independence