Public Accountants Oversight Committee (PAOC) is pleased to announce that His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented for the adoption of Code of Ethics for Professional Accountants issued by International Ethics Standards Board for Accountants (IESBA) of the International Federation of Accountants (IFAC) as the code of ethics for all public accountants and professional accountants in Brunei Darussalam with effect from 1st January 2017.Read More
BRUNEI Darussalam’s conducive and pro-business environment continue to become one of the main factors that attracts foreign investors to consider setting up base in the country. The recent improvement in the Doing Business (DB) 2017 ranking to 72 from the previous 97 (DB2016) makes Brunei Darussalam as the most improved economy in the world for the second year running. This is an indication of the government’s seriousness in making sure various reforms and improvements are carried out and processes are streamlined in all aspects of doing business. These augur well with the country’s efforts to attract and increase the participation of foreign investors in the country’s economic diversification programme. Today, investors may consider Brunei Darussalam as their investment destination for industries such as aerospace, agribusiness, construction, petrochemicals, energy and mining, food processing and packaging, health technologies, ICT, Islamic finance and the Halal sector.Read More
THE Ministry of Finance and departments under it held a special talk to mark the birth anniversary of Prophet Muhammad (pbuh) and a prize presentation for the winners of the Al-Quran reading competition for officers and staff of the ministry.
Present as the guest of honour was the Acting Minister of Finance, Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abdul Rahman bin Haji Ibrahim.
Also in attendance were the Deputy Minister of Finance (Fiscal), Dato Paduka Awang Haji Hisham bin Haji Mohd Hanifah; Deputy Minister of Finance (Investment), Dato Paduka Dr Awang Haji Mohd Amin Liew bin Abdullah; permanent secretaries, senior officers and staff members of the ministry.Read More
HIS Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the adoption of Brunei Darussalam Accounting Standards (BDAS) for all non-public interest entities in the country effective January 1, 2018.
The Brunei Darussalam Accounting Standards Council (BDASC) under the Ministry of Finance said in a press release yesterday that the adoption of the standards is to ensure a higher level of uniformity and consistency in financial reporting among all non-public interest entities.Read More
BRUNEI Darussalam Accounting Standards Council (BDASC) announced that His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the adoption of Brunei Darussalam Accounting Standards (BDAS) issued by BDASC for all non-public interest entities in Brunei Darussalam, with effect from January 1, 2018, according to a press release.Read More