International Journal of Scientific Research and Engineering Development

International Journal of Scientific Research and Engineering Development


( International Peer Reviewed Open Access Journal ) ISSN [ Online ] : 2581 - 7175

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Audit Committee Attributes and Financial Performancein Deposit Money Bank



     International Journal of Scientific Research and Engineering Development (IJSRED)

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 Published Issue : Volume-3 Issue-5
 Year of Publication : 2020
 Unique Identification Number : IJSRED-V3I5P104
 Authors :Edheku Ochuko Joy, Akpoveta Onajite Alexendra
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Abstract :

The aim of this study was to investigate the influence of audit committee attributes on financial performance in deposit money banks. The broad objective of this study was to determine the extent to which audit committee size, audit committee independence, audit committee meeting influences financial performance of deposit money banks listed on the Nigeria Stock Exchange. Samples of ten (10) listeddeposit money banks on the Nigerian Stock Exchange were conveniently selected for a period of thirteen (13) years (2006 – 2018). The Panel Least Square (PLS) regression technique was employed in estimating the data and testing the formulated hypotheses. Based on the analysis, we found that there is a positive and insignificant relationship between the variables of audit committee size, audit committee independence, audit committee meeting and financial performance of deposit money banks. In line with the findings, the researcher recommended that audit committee be constituted by independent persons, with high level of integrity that can match words with action to improve performance of deposit money banks in Nigeria.