AOOIFI publishes study of IFRSs from a Sharia'a perspective
25 Oct, 2018
The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has published 'IFRS and the Shari'ah based reporting: A conceptual study'.
The study looks at IFRSs from Sharia'a, Islamic accounting, and Islamic finance accounting perspective and stresses the information needs of Shari'ah conscious users of financial statements. The authors, both of whom are from Pakistan, primarily cover Islamic finance accounting but also include general accounting observations and unique aspects of Sharia'a based reporting.
An electronic version of the 200 page study can be accessed free of charge on the AAOIFI website.