Accounting and Auditing Standards for Islamic Financial Insti... - 9781032063522

Accounting and Auditing Standards for Islamic Financial Insti... - 9781032063522

Taylor & Francis

Accounting and Auditing Standards for Islamic Financial InstitutionsAuthor(s): Mohd Ma'Sum Billah\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032063522, 978-1032063522\nSynopsis\nWhile accounting and audit functions are significantly regulated and standardized in conventional financial industries and activities, through the implementation of International Accounting Standards, and International Financial Reporting Standards, as well as other international, regional, and local regulations, this is not the case for Islamic financial organizations. Rather than having their own set of comprehensive accounting or auditing standards or policies, these are based, in some cases, on the Accounting and Auditing Organization for Islamic Financial Institutions (AAIOFI), the Islamic Financial Services Board (IFSB)s standards and Shariah based local policies. \n\nThis book is a timely and comprehensive overview of accounting and auditing.

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