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Islamic Finance Briefing - Categorized | Accounting and Audit, Compliance, Tax, Legal, Regulatory more

AAOIFI is eyeing new reporting standards

Posted on 06 December 2012

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is actively looking at revision of existing standards and to introduce new ones to keep abreast of the challenging requirements of industry in financial reporting.
“In 2012, AAOIFI issued a new standard for investment in real estate which will be effective from January 1,” KPMG Islamic Financial Services partner Mahesh Balasubramanian said………………………………………..Full Article: Source

 
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