The Federal Government of Malaysia initially set 1 January 2015 as the date for full implementation of Malaysian Public Sector Accounting Standards (MPSAS). However, due to numerous factors and reasons, its implementation was repeatedly delayed, leaving some government institutions to resume using such prevailing standards as Malaysian Private Entities Reporting Standards (MPERS ). Although the latest target date is 1 January 2022, it is uncertain if government institutions are ready for full scale adoption. This research has three objectives. One, it examines the preparedness for implementing MPSAS by Universiti Sains Malaysia (USM), a Federal Level statutory body under the purview of the Ministry of Higher Education, and Penang Development Corporation (PDC), a State Level statutory body under the Penang State Government. Two, it investigates the level of adoption of accrual accounting at USM and PDC. Three, it analyses the challenges faced by USM and PDC in implementing MPSAS.

Research Team:
Dr. Zubir Azhar
Dr. Kishan Krishnen
Assoc. Prof. Dr. Ervina Alfan
Pn. Nurul Husna Assanah

Institute:
Universiti Sains Malaysia
Universiti Malaya
National Accountinng Institute, Accountant General’s Department of Malaysia

To access the short research report for this topic, please got to:
https://eknowledge.mia.org.my/mia/purchase.html#1