Corporate Governance and Accounting Standards in Oman: An Empirical Study on Practices

16 Pages Posted: 8 Jun 2004

Date Written: 2002


Good corporate governance ensures that corporations perform better and have a better relationship with its stakeholders. The proper practice of accounting standards is very significant, as it leads to the effective disclosure and consequently good corporate governance programmes. Hence, the practice of proper accounting standards is more relevant issue of good corporate governance in the present competitive era as the standards provide a useful mechanism to restructure the core corporate values.

In this context, the paper attempts to discuss the practice of accounting standards for good corporate governance, as it is regarded as one of the important relevant issues of corporate governance, with an objective to make accounting standards useful to ensure the better disclosure, thus the good corporate governance.

The empirical results revealed that the most of the select companies perceived the relevance of standards for good corporate governance and complied with twenty to twenty-five accounting standards with varied treatments of items, which jeopardised the comparability and left the scope for personal discretion and confusion. The necessity of stringent and uniform standards, wide participation, harmonisation of related laws is realised for ensuring the true and fair view of business, thus good corporate governance.

Keywords: Relevance, Study, Standards in Oman, Practices, Issues, Suggestions

JEL Classification: G34, M41, M44, M47

Suggested Citation

Kanukuntla, Shankaraiah and Rao, Dabbeeru Neelakanteswar, Corporate Governance and Accounting Standards in Oman: An Empirical Study on Practices (2002). Available at SSRN: or

Shankaraiah Kanukuntla (Contact Author)

Osmania University ( email )

Hyderabad, Andhra Pradesh 500 007

Dabbeeru Neelakanteswar Rao

Lingaya's University ( email )

Jasana Road
Old Faridabad, Haryana 121002
+919971510666 (Phone)

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