AAOIFI invites nominations for its technical boards

Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is inviting nominations for candidates to serve on its technical boards that are tasked to carry out development and revision of its international Islamic finance standards. The technical boards in AAOIFI currently consist of Shari'a Board as well as Accounting and Auditing Standards Board. It is proposed that AAOIFI Accounting and Auditing Standards Board will be split into two new technical boards, namely AAOIFI Accounting Board and AAOIFI Governance and Ethics Board. These two boards will be responsible for AAOIFI standards on accounting, auditing, ethics and governance. Meanwhile, AAOIFI Shari'a Board will continue to be responsible for AAOIFI Shari'a standards.