INMA 2.1.4 Accounts and statements to use international standards

(1) An INMA firm must prepare and keep its financial accounts and statements in accordance with AAOIFI, IFRS, US GAAP or other accounting standards approved in writing by the Regulatory Authority.
(2) If the firm decides to prepare and keep its financial accounts and statements in accordance with a standard other than the one it has previously used, it must notify the authority in writing before beginning to do so.
Derived from QFCRA RM/2014-4 (as from 1st January 2015).