This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

AAOIFI publishes work plan for Islamic accounting and governance standards

May 04, 2012

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has published an overview of the current status of its work on accounting and governance standards.

In a response to media reports about its activities (link to AAOIFI website) the AAOIFI has provided the following current status and expected dates:

 

TopicConsultation NoteExposure Draft(s)Final Standard(s)
Review of accounting standard on Investments in Real Estate released in January 2012 expected second half of 2012
Review of accounting standards on Investment Accounts released in January 2012 expected second half of 2012 expected first half of 2013
Review of accounting standards on Takaful expected second half of 2012 from first half of 2013 from second half of 2013
Development of new Governance Standard for Shari’a Supervisory Board expected second half of 2012 expected first half of 2013 expected second half of 2013

More information on developments in Islamic accounting is available on our dedicated IAS Plus resource page.

Related Topics