Business companies around the world need to develop and grow continuously by acquiring new investments but a business company without an audit committee or audit department is just like a nation without law enforcing agents. To examine the developed model, the data were obtained through a field survey from some of the selected firms in Accra, Ghana. Linear regression model were developed to analyse this paper. In terms of audit committee size (ACSIZE), the result shows a negative relationship with ROA, but significant. Also firm size (SIZE) has a positive significant relationship with (ROA). The variable that measures audit committee independence (ACIND) showed a negative significant relationship between audit committee independence and (ROA). ACMEET and AGE were insignificant to (ROA).
Act, A. (2003). Act, 2003 2003.
Al-Mamun, A., Yasser, Q. R., Rahman, M. A., Wickramasinghe, A., & Nathan, T. M. (2014). Relationship between audit committee characteristics, external auditors and economic value added (EVA) of public listed firms in Malaysia. Corporate Ownership and Control, 12(1CONT9), 899–910. https://doi.org/10.22495/cocv12i1c9p12
Arshad, S., Hussain, N. (2011). Effect of Audit on Profitability: A Study of Cement Listed Firms, Pakistan. Global Journal of Management and Business Research, 11(9), 2249–4588.
Baccouche, S., Hadriche, M., & Omri, A. (2013). The impact of Audit Committee Multiple-Directorships on earnings management: Evidence from France. Journal of Applied Business Research, 29(5), 1333–1342. https://doi.org/10.19030/jabr.v29i5.8017
Based, P., & Estimates, B. (2019). Audit service of ghana.
Kyereboah-Coleman, A. (2008). Corporate governance and firm performance in Africa: A dynamic panel data analysis. Journal for Studies in Economics and Econometrics, 32(2), 1–24.
Oroud, Y. (2019). The Effect of Audit Committee Characteristics on the Profitability: Panel Data Evidence. International Journal of Economics and Finance, 11(4), 104. https://doi.org/10.5539/ijef.v11n4p104
Salloum, C., Azzi, G., & Gebrayel, E. (2014). Audit Committee and Financial Distress in the Middle East Context: Evidence of the Lebanese Financial Institutions. International Strategic Management Review, 2(1), 39–45. https://doi.org/10.1016/j.ism.2014.09.001
Act, A. (2003). Act, 2003 2003.
Al-Mamun, A., Yasser, Q. R., Rahman, M. A., Wickramasinghe, A., & Nathan, T. M. (2014). Relationship between audit committee characteristics, external auditors and economic value added (EVA) of public listed firms in Malaysia. Corporate Ownership and Control, 12(1CONT9), 899–910. https://doi.org/10.22495/cocv12i1c9p12
Arshad, S., Hussain, N. (2011). Effect of Audit on Profitability: A Study of Cement Listed Firms, Pakistan. Global Journal of Management and Business Research, 11(9), 2249–4588.
Baccouche, S., Hadriche, M., & Omri, A. (2013). The impact of Audit Committee Multiple-Directorships on earnings management: Evidence from France. Journal of Applied Business Research, 29(5), 1333–1342. https://doi.org/10.19030/jabr.v29i5.8017
Based, P., & Estimates, B. (2019). Audit service of ghana.
Kyereboah-Coleman, A. (2008). Corporate governance and firm performance in Africa: A dynamic panel data analysis. Journal for Studies in Economics and Econometrics, 32(2), 1–24.
Oroud, Y. (2019). The Effect of Audit Committee Characteristics on the Profitability: Panel Data Evidence. International Journal of Economics and Finance, 11(4), 104. https://doi.org/10.5539/ijef.v11n4p104
Salloum, C., Azzi, G., & Gebrayel, E. (2014). Audit Committee and Financial Distress in the Middle East Context: Evidence of the Lebanese Financial Institutions. International Strategic Management Review, 2(1), 39–45. https://doi.org/10.1016/j.ism.2014.09.001.
In-Text Citation: (Commey et al., 2020)
To Cite this Article: Commey, J., Osabutey, W., & Afoley, L. (2020). Effects of Internal Audit Committee Size on Profitability. International Journal of Academic Research in Business and Social Sciences, 10(5), 221–228.
Copyright: © 2020 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode
