The Malaysian Accounting Standards Board (MASB) is adopting two sets of accounting framework issued by International Accounting Standards Board (IASB), namely, the International Financial Reporting Standards (IFRS), and the Private Entity Reporting Standards (PERS). All these frameworks are legally approved by MASB and can be applied by entities in Malaysia.   Discuss SIX (6) costs of adopting the above-mentioned frameworks in Malaysia

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A:

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