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Islamic Finance Briefing - Categorized | Accounting and Audit, Banking more

Mena banks back impairment accounting plans

Posted on 29 August 2011

Majority of the banks in the Middle East and North Africa region expect impairment accounting proposals to improve financial statements, according to a survey by leading audit firm Deloitte.
The Mena-headquartered banks believe that International Financial Reporting Standards (IFRS 9) impairment accounting proposals will boost financial statements compared to those prepared using the current IAS 39 rules, said the new Deloitte inaugural global banking IFRS 9 impairment survey……………………………………….Full Article: Source

 
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