ABSTRACT

The focus on this research is to address questions on audit committee independence, audit committee meetings frequency, audit committee literacy among other variables; highlighting the effects, if any on the financial reporting of an entity; then the extent of such effects where they exist.

The method/approach for this research is descriptive. The independent variable- Audit committee has been explored in its various features like audit committee size, frequency of audit committee meeting, audit committee composition e.t.c.. This is done is view of its impact of reporting of publicly quoted manufacturing firms in Nigeria, the population size being quite large given the limitations of this study earlier highlighted. So, the sampling size selected is the Taro Yamane method while secondary data collection approach while data concerning the research variables have been obtained from the Nigerian Stock Exchange for period of five (5) years from 2016 to 2020.

Findings from this work reveals that audit committee is a vital factor in ensuring adequate financial reporting and disclosures by companies. Based on the interpretation of the variables employed. it is found that there issignificant relationship, between audit committee meeting frequency and firms’ financial reporting, same with between audit committee independence and firms’ financial reporting. There is however no significant relationshipbetween audit committee gender diversity and firms’ financial reporting; same with audit committee size and firms’ financial reporting although due consideration must be given to regulatory requirement in terms of the maximum membership number.