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Experts find ways to boost financial reporting by IFIs

11/05/2011

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A roundtable meeting of senior bank officials and finance professionals held in Dubai has come up with a number of recommendations on how to strengthen financial reporting by Islamic financial institutions (IFI).

The meeting, one of a series organised by Big Four accounting firm KPMG and ACCA (the Association of Chartered Certified Accountants), was intended to develop recommendations that can be presented to the International Accounting Standards Board (IASB) on whether to develop specific guidance or a separate financial reporting standard for Islamic financial institutions.
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AAOIFI issues new accounting standards

02/08/2010

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Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), the international standard-setting organisation for Islamic finance, has issued two new accounting standards and one new accounting guidance note. Issuance of the new accounting standards and guidance note was approved by AAOIFI Accounting and Auditing Standards Board in its meeting held last week on 22 July 2010 in Dubai, United Arab Emirates.
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Deloitte to launch ME islamic finance group

09/04/2010

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Deloitte, a leading accounting and consulting firm, has announced plans to launch its Middle East Islamic Finance Group in Bahrain besides the unveiling of its new Islamic Finance portal.
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IFSB release key Islamic finance report

09/04/2010

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A major report on Islamic Finance was launched at the inaugural 'Financial Stability Forum' organised by the Islamic Financial Services Board (IFSB) recently in Khartoum.
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