The move to adopt MPERS, a new standard of financial reporting compatible with international norms, should smoothen cross-border investment and trade between SMEs, says the Malaysian Accounting Standards Board. LIM WING HOOI reports.
A COMMON set of accounting standards for small and medium enterprises (SMEs) that is comparable from one country to another is needed to enhance international trade between SMEs, hence the move to introduce a new reporting standard beginning 2016, according to the Malaysian Accounting Standards Board chairman Mohamed Raslan Abdul Rahman.