Proposed impairment model might pose problems in Islamic accounting
Posted by mostafa on 12 July, 2013
No comments yet
This item was filled under Uncategorized
In an appendix to the general comment letter of the Asian-Oceanian Standard Setters Group (AOSSG), the AOSSG Islamic Finance Working Group points at problems that the IASB’s proposed new impairment model might pose in the contetxt of Mudarabah / Musharakah profit distribution.