Mountain Top University Library

ABSTRACT
The audit committee's monitoring role has a significant impact on how well the company performs.
This study investigated the effect of audit committee characteristics on financial performance of
listed deposit money banks in Nigeria. The independent variable is the audit committee
characteristics while financial performance is the dependent. The study covers a period of 2011-
2021.The data was analyzed using simple regression analysis. Moreover. The study shows that
there is a strong statistical significance on audit committee and financial performance. The study
showed that audit committee independence has a p value of (.025), audit committee size has a pvalue of (.000) , audit fees (.000) at level of five percent level of significance . The study concludes
that audit committee characteristics has a significance on financial performance. The study
recommends that deposit money banks in Nigeria should automate their systems and adopt the use
of ICT in financial analysis and reporting.