Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions’ (AAOIFI) has taken a significant step in bolstering the governance and reporting framework for the global Islamic finance industry.
The AAOIFI Governance and Ethics Board (AGEB) has approved, in principle, the issuance of two crucial Standards on Auditing and Assurance (SOAAs), concluding a major part of the organisation’s ongoing standards revision project .
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