One significant barrier to the adoption of international accounting standards in Islamic countries has been:

Name: One significant barrier to the adoption of international accounting standards in Islamic countries has been:
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Question

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Islamic countries adhere to Sharia law, which prohibits charging interest on loans. This is in conflict with international accounting standards, which recognise interest income and expense. As a result, Islamic countries have been hesitant to adopt these standards.

One Significant Barrier to the Adoption of International Accounting Standards