ISSN: 2222-6990
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The purpose of this study was to determine the new issues and challenges that arise when Malaysian accrual-based International Public Sector Accounting Standards (IPSAS) are applied. The research attempts to obtain the challenges and recommendation of IPSAS implementation in Malaysia based on accrual basis accounting. By using the archival technique, the study gives a review of earlier research and information on the new problems and difficulties that many developing countries are facing with the adoption of IPSAS17. The study's findings indicate that the obstacles these countries face in adopting IPSAS can be divided into three categories: (1) accounting and reporting issues, which include challenges in identifying and quantifying assets, liabilities, revenue, and expenses;(2) resources, such as a lack of qualified finance and accounting personnel as well as inadequate IT support and facilities; and (3) top management's commitment to making change management programmes successful. The result of this study will help regulators and government in Malaysia to be ready when full implementation took place. Despite addressing new issues and challenges encountered during the implementation of Malaysian Public Sector Accounting Standard (MPSAS 17), this research has certain limitations.
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(Jusoh et al., 2024)
Jusoh, Y. H. B. M., Ramzi, M. I. Bin, Mohamed, W. M. F. B. W., Saleh, M. S. Bin, & Mustafa, W. M. B. W. (2024). Challenges in the Implementation of MPSAS 17 in Malaysian Accrual Accounting Environment. International Journal of Academic Research in Business and Social Sciences, 14(6), 1497–1507.
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