Audit Committee Independence Curbs Earnings Manipulation in Nigerian Firms
The study looked at how certain characteristics of audit committees in Nigerian companies affect earnings management. They analyzed data from 131 companies over 2008-2014 using statistical methods. The results showed that audit committee independence, meeting frequency, and attendance all helped reduce earnings manipulation by management. To improve this, they suggest increasing non-executive directors, appointing competent and honest members, and regulating the number of meetings audit committees should have.