Arab Monetary Fund releases a study on "The challenges of applying accounting standards in the digital age"
This study highlights the growing challenges that have accompanied the occurrence of the digital economy, and focuses on the impact of the digital economy on financial statements
In line with its strategy for the period (2020-2025) and in the context of its research activities to support decision-makers in Arab countries, the Arab Monetary Fund (AMF) has released a study on “The challenges of applying accounting standards in the digital age”.
The study sheds light on the growing challenges that accompanied the occurrence of the digital economy on financial statements, accounting data, and the appropriate disclosure and presentation mechanisms of the digital companies, as they are considered unique challenges. The repercussions of those challenges continue and increase, and most of them are still under discussion.