The effect of audit committee attributes and audit quality on the financial performance of banks in Nigeria

The topic of corporate governance and financial performance has always been an essential and critical component for the Nigerian banking industry. Good corporate governance practices are considered important in mitigating risk for investors, improving investment capital and performance. This study examined the effects of audit committee attributes and audit quality on the financial performance of banks in Nigeria. The research used secondary data obtained from the Data Stream and annual reports of all banks in Nigeria for the year 2018-2020 with 66 firm-years observations. In addition, the regression was based on Panel Corrected Standard Error. The result showed that the audit committee size has a negative and significant association with bank financial performance. However, audit committee independence and audit quality exhibited significant and positive association with banks performance. This study provided suggestions for future research work and several recommendations for regulators and the Iraqi banking industry.