Middle east financial reporting standards

Anoop (CA Final) (330 Points)

04 February 2012  

 

Sir,
 
1. What are the financial reporting standards adopted by companies having operations based in:-
(a) middle east only
(b) middle east + other countries.??
 
2. What are the statutory compliance (if any) to be followed by such companies.??
 
3. If nothing is there such, what is the normal practice adopted in reporting financial statements.??
 
 
Thanks and Regards