1) Why is a strong accounting profession crucial for capital market development? Discuss. 2) Malaysian Accounting Standard Board (MASB) is established under the Financial Reporting Act 1997 as an independent authority. Discuss the functions of MASB. 3) Describe guidelines issued by Securities Commission in relation to company's financial reporting. 4) Who are the key players in the accounting regulatory process and what is their role in protecting public interest and enhancing investor confidence? Discuss 5) Explain the elements of disclosure based reporting (DBR) and analyse the
1) Why is a strong accounting profession crucial for capital market development? Discuss. 2) Malaysian Accounting Standard Board (MASB) is established under the Financial Reporting Act 1997 as an independent authority. Discuss the functions of MASB. 3) Describe guidelines issued by Securities Commission in relation to company's financial reporting. 4) Who are the key players in the accounting regulatory process and what is their role in protecting public interest and enhancing investor confidence? Discuss 5) Explain the elements of disclosure based reporting (DBR) and analyse the
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:DISCUSSION
1) Why is a strong accounting profession crucial for capital market development?
Discuss.
2) Malaysian Accounting Standard Board (MASB) is established under the Financial
Reporting Act 1997 as an independent authority. Discuss the functions of MASB.
3) Describe guidelines issued by Securities Commission in relation to company's
financial reporting.
4) Who are the key players in the accounting regulatory process and what is their role
in protecting public interest and enhancing investor confidence? Discuss
5) Explain the elements of disclosure based reporting (DBR) and analyse the
usefulness of the reporting.
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