Disclosure quality vis-à-vis disclosure quantity: Does audit committee matter in Omani financial institutions?

Abstract We examine the impact of audit committee (AC) characteristics (e.g. AC foreign members, female members with multiple directorships, share ownership and financial supervisory expertise) on forward-looking disclosure (FLD) quality quantity. Using a sample Omani companies listed Muscat Securities Market over five-year period (2014–2018), we find that number (such as size, directorships) improve FLD quality. make no such observation for The results suggest responsibility extends to improving FLD. provide an additional analysis effectiveness (ACE) quality, which suggests companies’ compliance CG code is beneficial also ACE influenced by corporate performance, leverage external auditors. Our findings carry implications regulatory bodies’ efforts in encouraging considering well appointing more effective directors.