Osemene, OlubunmiFakile, Oluwaseye2021-06-012021-06-012018https://uilspace.unilorin.edu.ng/handle/20.500.12484/5644Audit committee has been adjudged to be an instrument of good corporate governance which influences financial reporting process for better performance. This study empirically examined how the effectiveness of an audit committee impacts financial performance of deposit money banks in Nigeria. Using return on equity (ROE) as measure of financial performance, independence, financial expertise and frequency of meetings were identified as possibly having effects on financial performance. Correlation and ordinary least squares (OLS) regression were used to estimate the relationship between audit committee characteristics and financial performance. Findings revealed that audit committee financial expertise and audit committee meetings significantly influence deposit money banks’ financial performance. The study recommends that frequency of meetings of audit committee members should be improved by ensuring that adequate and sufficient time is dedicated to pressing and current issues as it relates to each deposit money bank.enAudit committeeDeposit money banks in NigeriaArticle