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البنــك المركــــزي العمـــاني Central Bank of Oman
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Inaugural Address by HE Tahir Al Amri at International Financial Reporting Standards (IFRS) Workshophttps://cbo.gov.om/speech/98/26/2019 8:00:00 PMInaugural Address by HE Tahir Al Amri at International Financial Reporting Standards (IFRS) Workshop<p>​</p><p style="text-align:center;"><strong class="ms-rteThemeFontFace-1 ms-rteFontSize-3">International Financial Reporting Standards (IFRS) Workshop</strong></p><p style="text-align:center;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3"><strong>On Tuesday, 27</strong><strong><sup>th</sup></strong><strong> August 2019 at 9:00AM at Crowne Plaza</strong></span></p><p style="text-align:center;"><strong class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Inaugural Address by HE Tahir Al Amri</strong></p><p style="text-align:justify;"> </p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3"></span> </p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Good Morning everyone. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">It gives me immense pleasure to be here this morning to witness the commencement of the one-day International Financial Reporting Standards (IFRS) Workshop organised by Crowe Mak Ghazali. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">As a source of globally comparable information, IFRS Standards are of vital importance to regulators around the world.  IFRS Standards contribute to the economic efficiency by helping investors to identify opportunities and risks across the world in the same accounting language, thus improving capital allocation. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">The Sultanate has also stipulated that the accounting records have to be kept according to IFRS, thereby making the financial reporting more transparent and organised in the country. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">I take this opportunity to thank the organisers Crowe Mak Ghazali for organising regular updates on such technical topics, which is useful to the business community of Oman to adopt to the best practices prevalent in the accounting world. </span></p><p style="text-align:justify;"><span class="ms-rteThemeFontFace-1 ms-rteFontSize-3">Thank you</span></p>