This paper investigates by analyzing the Middle East, whether culture, with the significant influence of Islam, hinders the use of International Financial Reporting Standards (IFRS). Doctrines within the Islamic faith creates irreconcilable accounting practices that do not comply with IFRS. The two primary features of Islam that distinguishes Islamic accounting from conventional accounting, are the tenets of zakat and riba. Ultimately this paper discusses how these principles cause hindrance in the use of IFRS.
| Identifer | oai:union.ndltd.org:CLAREMONT/oai:scholarship.claremont.edu:cmc_theses-2032 |
| Date | 01 January 2015 |
| Creators | Jamil, Hashim M |
| Publisher | Scholarship @ Claremont |
| Source Sets | Claremont Colleges |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | CMC Senior Theses |
| Rights | © 2014 Hashim M. Jamil, default |
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