Characteristics Of Audit Committee And Banking Sectorperformance In Oman

Purpose: Oman is the first country among GCC countries to implement corporate governance (CG) principles. Corporate regulates fundamental principles that govern activities of businesses, like responsibilities and roles Board Directors (BoD), financial reporting auditing, remunerations, internal control system. Banks play a vital role in economic development country. Adopting CG practices audit function banks paves way for transparent reporting. Furthermore, committee has an impact on performance firm as they undertake task preventing fraudulent From above discussion, purpose this study understand examine characteristics by exploring its association with performance. Methodology: All eight listed Muscat Stock Exchange (MSX) have been selected study, data collected from banks' annual reports five years (2016-2020). The conducted based three such number members committee, meetings non-executive committee. Measuring done calculating Return Asset (ROA) Equity (ROE). Correlation regression analysis used relationship between factors bank ROA ROE are dependent variables. independent variables, size variable. Results/Findings: This shows positive negative Originality Practical Implications: Further research area can be after 2021, considering before during COVID – 19.