The Asian-Oceanian Standards Setters Group (AOSSG) has published the results of a survey distributed by the AOSSG’s Islamic Finance Working Group in 24 countries in the Middle East and North Africa to understand about accounting requirements for Islamic financial transactions in these jurisdictions. The survey showed a high degree of co-existence of International Financial Reporting Standards (IFRSs) and the accounting standards issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).