EFFECT OF AUDIT COMMITTEE ATTRIBUTES OF FINANCIAL PERFORMANCE OF LISTED OIL AND GAS FIRMS IN NIGERIA
Jamila Yusuf, Murtala Abdullahi, PhD and Idris Mohammed
Volume 11 Issue 1
Abstract
The study examined the impact of audit committee characteristics on financial performance of listed oil and gas firms in Nigeria. A correlational and ex-post factor research designs were adopted for the study. The population of this study is 9 listed oil and gas firms and the sample size of the study consists of 9 listed oil and gas firms on the floor of Nigeria Exchange Group for the period 2013 to 2022. Panel corrected standard errors (PCSE) regression model was employed to analyze the data of the study with the aid of diagnostic tests. The findings of this study revealed that audit committee size, gender, independence and legal expertise are positively related to the financial performance of oil and gas firms in Nigeria. On the other hand, the audit committee meetings attendance documented negative correlation with financial performance of listed oil and gas firms in Nigeria. The number of female experts in the audit committees should be increased so that the committee would have the complexity that allows for more effective checkmating of financials presented by the management to curb the opportunistic propensities. The number of legal experts in the audit committees should be increased so that the committee would have the complexity that allows for more effective checkmating of financials presented by the management to curb the opportunistic propensities. Keywords: Audit, Performance, Committee, Financial, Nigeria
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