Which of the following statements is not true? a. AAOIFI is responsible for the development and issuance
Question:
Which of the following statements is not true?
a. AAOIFI is responsible for the development and issuance of standards for the Islamic finance industry.
b. All IFIs across the world are required to follow the accounting standards issued by AAOIFI.
c. AAOIFI aims to harmonise the accounting policies and procedures adopted by IFIs.
d. AAOIFI aims to improve the quality and uniformity of auditing and governance practices of IFIs.
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Related Book For 
Financial Reporting For Islamic Financial Institutions Accounting Standards Interpretation And Application
ISBN: 9781032464022
1st Edition
Authors: Abdul Rauf Mahar, Ayesha Bhatti, Muhammad Junaid Ashraf, Asfand Zubair Malik
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