“Interests” and accounting standard setting in Malaysia
Accounting, Auditing & Accountability Journal
ISSN: 0951-3574
Article publication date: 1 August 1999
Abstract
This paper offers insights into the conflicts and tensions within the Malaysian accounting profession and the power struggle therein to dominate the accounting standard setting process, within the context of a rapidly developing country. It shows how interest groups and parochial interests, along with issues of self‐protection, affected the process of standard setting, which was controlled by different interests over the period under study. At one time the profession dominated. But far from being a monolithic body, it was in turn split according to various interests: the Big Six behind the Malaysian Association of Certified Public Accountants (MACPA) and the smaller firms behind the Malaysian Institute of Accountants (MIA). At other times big business prevailed. These conflicts and power struggles are revealed through an analysis of the case of the Goodwill Accounting Standard.
Keywords
Citation
Susela, S.D. (1999), "“Interests” and accounting standard setting in Malaysia", Accounting, Auditing & Accountability Journal, Vol. 12 No. 3, pp. 358-387. https://doi.org/10.1108/09513579910277410
Publisher
:MCB UP Ltd
Copyright © 1999, MCB UP Limited