Audit Committee Attributes and Financial Performance of Listed Industrial Goods Companies in Nigeria

The study examined the impact of audit committee attributes on financial performance of listed industrial goods companies in Nigeria to the period of 2013-2022. This study adopted an ex post facto research design. Secondary data was extracted from the sample companies' annual reports and financial statements. Multiple regression analysis (GLS) was used as the technique of data analysis. The results showed that out of all the measures of audit committee attributes studied, only AC size and AC meetings have positive coefficients and significantly influence listed industrial firms’ financial performance. AC size found to be an effective corporate governance mechanism that could improve the financial performance of the listed industrial firms. The study therefore recommends a more robust regulation on audit committee attributes and ensures that the size of the audit committee is an important consideration in ensuring effective governance and oversight, ensure that the audit committee is composed of independent members who are not directly involved in the day-to-day operations of the company it is generally recommended that audit committees meet regularly to fulfil their oversight responsibilities effectively