The Malaysian Private Entities Reporting Standards ("MPERS") is the new financial reporting framework for private entiti

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answerhappygod
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The Malaysian Private Entities Reporting Standards ("MPERS") is the new financial reporting framework for private entiti

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The Malaysian Private Entities Reporting Standards ("MPERS") is
the new financial reporting framework for private entities issued
by the Malaysian Accounting Standards Board (“MASB”). It replaces
the current Private Entities Reporting Standards (“PERS”)
framework.
Required: Justify with examples the reasons why PERS is
needed in the business environment in Malaysia.
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