Standard Setting for the Financial Reporting of Religious Business Organisations: the Case of Islamic Banks
研究了伊斯兰银行因担心监管机构未来干预，而决定建立统一会计准则制定机构的过程，分析了宗教顾问和审计师在其中的作用。
Abstract Islamic banks have to abide by Islamic principles in all their business transactions. Accounting practices also have to be in conformity with this cardinal rule. Currently almost every Islamic bank sets its own accounting policy through a process which involves in-house religious advisers and the financial auditor of the bank. However, Islamic banks have recently agreed to establish a standard setting body to regulate their financial accounting and reporting. This paper argues that one of the predominant factors which seems to have influenced this decision and the institutional arrangements through which accounting standards will be promulgated is Islamic banks' fear of possible future intervention by their regulatory agencies.