This study examined the impact of cloud computing on accurateness of financial reports of selected deposit money banks in Nigeria using ordinary least square approach. The study adopted survey research design method; while primary source of data through distribution of questionnaire to the targeted respondents which comprised of 215 staff members of eight selected Deposit Money Banks (DMBs) who are experts in cloud based accounting. The research questionnaire was used as research instrument; while the Cronbach’s alpha (α) with obtained coefficient value of 0.863 was used for the validation of the instruments. It was statistically found that accurateness, with a coefficient of = 0.641942; t-statistic P = 0.000 statistically exacted positive effect on cloud accounting of Nigerian deposit money banks at 1% significance level. Therefore, concluded that accurateness exacts a positive significant impact on cloud accounting in deposit money banks in Nigerian. Given this, the study recommended that several measures towards develop accurateness must be taken so as to reduce inconsistencies of figure or amount with their banking transactions through ensuring procedure that can facilitate effectiveness level of cloud accounting by Central Bank of Nigeria (CBN) to existing and new commercial banks.