The Malaysian Accounting Standards Board (MASB) has established 70 Working Groups to date, each is responsible for different projects. A Working Group is chaired by a member of the MASB and comprises a project manager, representatives from the accounting profession, commerce, academia as well as regulatory authorities.
The Working Group plays an important role in the standards-setting due process. Against this backdrop, it is formed by the MASB to debate on emerging issues of significance to the accounting profession. The Working Group is responsible for reviewing and undertaking detailed studies of assigned project, giving due regard to the statutory and regulatory reporting requirements, practical implications as well as practices in other major jurisdictions.
Participation in MASB working group meetings and other committees of MASB or eligible events organised by MASB will entitle you to earn 2 credit hours of MIA CPE. As part of MIA Continuing Professional Education, MIA will consider awarding a member of MASB working committees a maximum of 2 CPE hours for attending each meeting, or any MIA member who attends MIA recognised events organised by MASB. However, a member will only be allowed to accumulate a maximum of 10 credit hours for each 3 year cycle.