Muscat: Tahir bin Salim Al Amri, Executive President, Central Bank of Oman (CBO), reiterated the need for best practices and vigilant regulatory supervision for maintaining a robust banking system and highlighted on the importance of accounting and financial reporting standards to achieve that. He was speaking at the IFRS conference organised by the audit firm Crowe Mak Ghazali at the Crowne Plaza hotel yesterday.
The workshop was conducted by the firm as its endeavour to impart knowledge on the updates and changes in IFRS (International Financial Reporting Standards). Crowe Oman who is celebrating its 25th year brings in a pool of global knowledge and expertise into the profession.
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