ADOPTION OF MALAYSIAN PRIVATE ENTITIES REPORTING STANDARDS (MPERS): EXAMINING THE FEATURES OF THE STANDARDS AND CHALLENGES OF IMPLEMENTATION

Malaysian Accounting Standard Board (MASB) has issued Malaysian Private Entities Reporting Standards (MPERS) on 14th February 2014. MPERS will be the single uniformed standards for all private entities in Malaysia effective from 1st January 2016. In this context, this study intends to examine the perception of Malaysian accounting professionals regarding the desirable and undesirable characteristics of MPERS, the potential challenges of MPERS implementation. This study will examine the perceptions of the three different classes of Accountants, Accountants in public practice, Accountants in SMEs, and Accountants in academia in Malaysia by using quantitative methods with primary data collected from a survey questionnaire. The collected data will be analyzed using Structural Equation Modeling. The findings of this study are anticipated to provide useful and timely information to the MASB in making favorable provisions affecting the accounting practices, which in turn, will support the social and economic development in Malaysia. This study is expected to furnish some early evidences on the MPERS adoption in Malaysia besides bringing some fresh perspectives by examining the challenges of adoption of MPERS