Changing Translation Practices: MASB. The Malaysian Accounting Standards Board (MASB) promulgates standard practices for the reporting of financial statements by companies in Malaysia. It also, however, follows and adopts new practices and emerging issues around the world especially those introduced by FASB and IASB. One major issue today is the valuation and reporting of financial derivatives and derivative agreements by firms. Use the MASB webpage to see current proposed accounting standards and the current state of reaction to the proposed standards.

MASB home page http://www.masb.org.my/

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