reliable information flow to determine, manage, monitor and audit the risks. Data collection, research, analysis and reporting …, categorizing, summarizing, reporting, analyzing and interpreting functions become prominent (Kızıl and Kızıl, 2007). Thus, the …

these is that there is no accounting and financial reporting framework suitable for the activities of interest-free finance … institutions. In order to eliminate the deficiency of accounting and reporting framework of interest-free finance institutions … imposes additional reporting obligations to interest-free financial institutions. Fund resources and uses statements of zakat …