The Malaysian Accounting Standards Board (MASB) established a committee in May 2002 called the Issues Committee to replace its predecessor, the Interpretation Committee. The rationale for the change of name is to reflect the expanded scope of the committee which does not only deal with interpretations of approved accounting standards but also other accounting related issues where there is no existing accounting standard.
The Committee is responsible for reviewing accounting issues that have received or are likely to receive divergent views in interpretation and to provide recommendations to the Board for decision.
The Committee comprises representatives from the accounting profession, commerce, the academia as well as an analyst and a solicitor. The following persons were appointed to the Committee in recognition of their roles in the profession:
Observer representatives from: