IASB looks to bridge gaps between Islamic, conventional accounting
 

19-03-14 08:00 AM

The International Accounting Standards Board (IASB) will consult with banks across the Middle East and Asia on how to bridge differences between accounting practices in Islamic and conventional finance, as a push to harmonise methods gains pace. The London-based IASB writes book-keeping rules, known as International Financial Reporting Standards (IFRS), which are used in over 100 countries ...

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