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Working Groups (WG)
The Malaysian Accounting Standards Board (MASB) has established 73 Working Groups to date, each is responsible for different projects.
A Working Group is chaired by a member or a representative of the MASB and comprises a project manager, representatives from the accounting firms, commerce and industry, academia as well as regulatory agencies.
The Working Group plays an important role in the standards-setting due process. Against this backdrop, it is formed by the MASB to review and undertake detailed studies of assigned project, giving due regard to the statutory and regulatory reporting requirements, practical implications as well as practices in other major jurisdictions.
