EFFECT OF AUDIT COMMITTEE ATTRIBUTES ON FINANCIAL PERFORMANCE OF LISTED INDUSTRIAL GOODS FIRMS IN NIGERIA

This study examined the impact of audit committee attributes on financial performance of listed industrial goods firms in Nigeria. Audit committee attributes is proxied by audit meetings, audit independence, audit size and audit gender diversity, while financial performance is proxy by return on asset (ROA). Data for the study were obtained from audited annual report and account of the sampled firms which consist of ten (9) listed industrial goods firms in Nigeria for a period of 10 years from 2013 to 2022 on the Nigeria Exchange Group giving a rise to 90 industrial goods observations. Multiple regression analysis was used as techniques of data analysis. The study found that there is a positive and significant relationship between audit committee meetings and return on asset of listed industrial goods firms in Nigeria. However, the findings of the study revealed a negative and insignificant relationship between audit committee independence and return on asset. Furthermore, the study revealed a positive and statistically insignificant relationship between audit committee size and audit committee gender diversity effect on return on asset of listed industrial goods firms in Nigeria. The study recommends among others that given the positive and statistically significant relationship between audit committee meetings and ROA, the management of listed industrial goods firms should prioritize regular and effective audit committee meetings to enhance oversight and governance, leading to improved financial performance.