AAOIFI creates new technical board for Islamic accounting

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20 Aug 2015

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) invites nominations for two new technical boards it intends to establish: the AAOIFI Accounting Board and the AAOIFI Governance and Ethics Board. These two boards will be responsible for developing and revising AAOIFI standards on accounting, auditing, ethics and governance. The AAOIFI Sharia'a Board will continue to be responsible for AAOIFI Sharia'a standards.

As a leading standard-setter for the international Islamic finance industry, AAOIFI has issued a total of 94 standards to date, comprising 54 Sharia'a standards, 26 accounting standards, 5 auditing standards, 2 codes of ethics and 7 governance standards.

Please click for more information and the call for nominations on the AAOIFI website.

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