Internal Audit Function and Financial Statement of Insurance Companies in Nigeria

The survival of any firm is predicated on the efficient functioning internal audit constituted by management for safeguarding company’s assets. It has been argued that several instances doctored financial statements quoted firms in Nigeria abound leading to scandals with dire consequences investors’ confidence. study examines relationship existing between function and performance insurance companies Nigeria. made a return assets as committee size, independence, expertise size. data culled from selected firms, National Insurance Commission Facts Books Nigerian Stock Exchange covers period 2011-2020. Multiple regression techniques were used explore contemporaneous dynamics. finds evidence significant positive impact independence performance, contrary negative Therefore, paper recommended various elements characteristics, which include expertise, should be strengthened enhance sector.