Harmonisation of Accounting Standards: A Malaysian Experience
Hajah Mustafa Mohd Hanefah, Mohamad Tayib, Noor Haslina Yusof & Zakaria Abas, 1993
NO: 2, ISSN 938-1227-19, 12 pages., RM 5.00
This paper examines the nature and extent of disclosure of accounting information in annual reports of subsidiaries of MNCs and local corporations in Malaysia. Annual reports of ninety companies and a disclosure index were used in the study. The results indicate that the extent of disclosure practices in Malaysia is comparatively similar and is low for all companies; the report merely comply with Malaysian statutory regulations. More effort, both from professional bodies and government agencies, is required if harmonisation practice is to be implemented.