Official Arabic translation of IAS being developed

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06 Aug 2001

The IASB has appointed a review committee to undertake an official Arabic translation of International Accounting Standards.

The Big Five accounting firms along with the Accounting and Auditing Organization for Islamic Financial Institutions (AOFI) were invited to join this Committee. The Committee's first meeting was held in Beirut, Lebanon on 22 March, 2001. Two partners of DTT, Mr. Joseph El Fadel (D&T;, Beirut) and Mr. Abbas Ali Mirza (D&T;, Dubai), participated in this meeting, and in subsequent meetings Mr. Musa Dajani (D&T;, Dubai) will also represent the firm on this Committee. D&T; Middle East has already produced an Arabic translation of IAS. The Committee has chosen this unofficial version as one of the versions to be used in finalising the official Arabic translation of IAS approved by the IASB.

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