30.09.2009 - Arab banks need own accounting standard - Yousuf

From Gulfnews.com: Arab banks should have their own accounting standard to meet challenges, Adnan Ahmad Yousuf, chairman of the Union of Arab Banks (UAB), said. "The GCC [Gulf Cooperation Council] and other Arab countries should have an accounting standard which should assess the application of the accounting practices prescribed by the global accounting setting bodies in our countries," he said....................Full Article: Source

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