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Working Groups (WG)
The Malaysian Accounting Standards Board (MASB) has established 72 Working Groups to date, each is responsible for different projects. A Working Group is chaired by a member / former member of the MASB and comprises a project manager, representatives from the accounting profession, commerce, academia as well as regulatory authorities.
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.
