EFFECT OF AUDIT COMMITTEE ATTRIBUTES ON FINANCIAL PERFORMANCE OF LISTED PHARMACEUTICAL COMPANIES IN NIGERIA
Abstract
ABSTRACT
Thisstudyexaminestheimpactofauditcommitteeattributesindependence,expertise,anddiversityon the financial performance of listed pharmaceutical firms in Nigeria, measured through Return on Equity(ROE).Usingsecondarydatafrom2019to2023,the studyemploysdescriptiveand inferential statistical methods, including regression analysis, to assess the relationship between these audit committee characteristics and financial outcomes. The findings reveal that audit independence and expertise significantly enhance financial performance, with expertise showing the strongest positive influence. Audit diversity also contributes to improved performance by fostering innovative decision- making and governance. These results highlight the critical role of audit committees in ensuring accountability,transparency,andsustainabilityinNigeria’spharmaceuticalsector.Thestudyprovides actionable recommendations for regulatory bodies, corporate stakeholders, and policymakers to enhance audit committee effectiveness, thereby promoting better governance and financial performance.
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