Literature Review of Oman Chamber of Commerce

        According to the research conducted by Peace, Chikwemma, Ngozi, Ursula, & Alphonsus, (2016) it can be said that the surrounded by those countries Oman follow the follows at both of International Accounting Standards also the Standards International Financial Reporting in public sector also the private sector. In different sectors, the working of Professionals is conscious of the status of analysis industry that central to the analysis of comparative and competitiveness between altered players in the business world (Peace, et al., 2016). For additional than two periods the country is run through of International Accounting Standards and International Financial Reporting Standards. Professionals of financial and Accounting that are responsive of development by socio-economic of Oman also to specify the position of ethical standards quality. At all stages it is known that an appropriate discussion has happened at a theory of approach legitimacy also it has been a challenge excessive to better the reporting quality. An organization Performance is not the unique key that offers confidences to linked stakeholders however it needs as well conformance (Peace, et al., 2016). 

Associated properly Conformance is to use the disclosures accounting. To acquire a status properly it is essential for entirely organizations pay concentrated wisdom and knowledge to the application make stronger of standards accounting to style governance financially extra stable in the extreme environment modest of Oman’s economy. Though there is not fast work because there are a lot of challenges to generate the reports financially through the transparency of accurate phases. The authority of Commerce Oman Chamber on all phases annoying its phases finest as well as have attained success substantial in acquiescence of International Accounting Standards and International Financial Reporting Standards beside with regulations, rules & strategies of governmental management. The Capital Market Authority, Central Bank of Oman and the organization efforts are in authority to hold the Oman Commercial Company’s laws are admirable. These organizations professionally have been leading conferences seminars & workshops to inform practices & knowledge at all phases in segments differently in the economy (Peace, et al., 2016).  

According to the research conducted by ALJAAIDI, (2013), It is also perceived that a lot of organizations depend on standards of Islamic also to track linked practices. It is essential to talk over the Islamic banking & Finance context in this linking in feature moreover that’s a requirement of economy Omani. "It is evidence that Oman’s population is prepared to in their country to welcome the Islamic Banking on a large scale that is widely understood as their sensible understanding’.  In this context, the contract is a requirement to acquire the stakeholder’s confidence. Verify the Literature reviews that an amount enormously of development and research is proper results and actions take place time to time (ALJAAIDI, 2013).