This study examines the audit attributes and performance of financial institutions in Nigeria. The study adopted the cross-section research design. Data were analysed using the ordinary least square technique. Findings from the study revealed that audit committee independence and size have no significant effect on return on assets. On the other hand, audit committee expertise has a significant effect on return on assets. Further findings revealed that audit committee independence, expertise and size have no significant effect on Tobin Q, return on equity, earnings per share and net profit margin. The study concludes that there is a corporate governance code that propagates the composition of audit attributes in Nigeria. Thus, financial institutions in Nigeria should strictly adhere to the corporate governance code propagated by the security and exchange commission in regards to the number of audit committee members. In line with the new corporate governance code which is to be effective 2021, six and above members should constitute the audit committee, as it’s proven that the more members, the more effective resources in terms of independence and expertise to facilitate an effective audit function disposition for an efficient business decision that will positively affect the firms’ performance. Also, financial institutions in maintaining the required number of audit members should always put an equal number of representatives from both the management and shareholders. This will create an independent equal audit committee that will take decisions devoid of coercion or bias that negatively affects their performances.

Audit Attributes, Audit Size, Expertise, Financial Institutions, Independence, Performance JEL Classification Codes: C23, M40. M41, M42