Audit Committee Composition and Tax Planning in Nigeria

Abstract

The study empirically examined the effect of audit committee composition on tax planning in Nigeria. The study made use of ex-post facto research design for the collection of secondary data. The population for the study consisted of quoted non-financial firms in Nigerian Exchange Group (NSG) as of 31st December 2020. The sampled firms must fulfill the responsibility of disclosing their financial statements for eight consecutive years for the period 2013- 2020. The Ewododhe (2011) sample selection method was used to select 25 firms. The study adopted the use of robust least square regression technique in the analysis of data. The regression results revealed that audit committee gender diversity and audit committee size have insignificant effect on tax planning, but audit committee meeting has a negative significant effect on tax planning. In this study audit committee independence has a positive significant effect on tax planning.