Publication: Conceptual Framework Related To The Impact Of Coronavirus Disease 2019 (Covid-19) On Malaysian Private Entity Reporting Standard (MPERS) Adoption By Small And Medium Enterprises (SMES) In Malaysia
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Date
2020-10-15
Journal Title
Journal ISSN
Volume Title
Publisher
USIM Press
Abstract
Malaysian Private Entity Reporting Standard (MPERS) serves as a new reporting framework to private entities and significant milestones to the capital market. This enables the entities to assert the financial statements with full compliance with the International Financial Reporting Standard (IFRS). Thus, the focus of this paper is to discuss the conceptual framework on the impact of external pressure and environmental uncertainty on the quality of financial reporting by Small and Medium Enterprises (SMEs) in Malaysia. The effect of the Covid-19 pandemic on environmental uncertainty has an impact on the quality of financial reporting. It is expected that the Malaysia’s authority and regulator will anticipate the impact of the Covid-19 pandemic, given the outbreak has created disruption in all business chains including the SMEs in Malaysia.
Description
3 rd INTERNATIONAL SEMINAR ON ISLAM AND SCIENCE 2020 (SAIS 2020)
COVID-19: IMPLICATION, IMPACT AND SOLUTION
Date: 15 October 2020
Organized by: Persatuan Kakitangan Akademik USIM (PKAUSIM)
In Collaboration with: International Halal and Fatwa Centre (iFFAH) &
Fakulti Syariah dan Undang-Undang (FSU)
Keywords
Malaysian Private Entity Reporting Standard (MPERS), Small and Medium Enterprises (SMEs), Coronavirus Disease 2019 (Covid-19), External Pressure and Environmental Uncertainty.
Citation
Rosli, S. N. A., & Jamil, N. N. (2021). Conceptual Framework Related to the Impact of Coronavirus Disease 2019 (Covid-19) on Malaysian Private Entity Reporting Standard (MPERS) adoption by Small and Medium Enterprises (SMEs) in Malaysia. Ulum Islamiyyah, 33(S4), 15-29. https://doi.org/10.33102/uij.vol33noS4.413