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1 Discuss FOUR (4) areas where Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards differ with Malaysian Accounting Standard Boards (MASB) standards. Total:

1 Discuss FOUR (4) areas where Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards differ with Malaysian Accounting Standard Boards (MASB) standards. Total: 25 marks] QUESTION 2: Relevance and reliability are two cores principles that have to be met by accountants in order to assist and guide users to make decisions. However, some regards these two principles as two competing attributes in a piece of information, and others said these two are complementary. Based on the statement above, justify your understanding regarding this accounting matter by referring to relevant scholars' reasoning, sources or examples. Total: 25 marks]

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