The MASB's primary role is to develop accounting and financial reporting standards. It is the MASB's operating procedure that generally precludes the MASB or its staff from giving advice to any individuals or corporations or to individual cases nor to act as an arbitrator regarding any issue. Resolution of matters concerning the application of the accounting standards should be addressed and discussed with the respective independent accountants, or auditors.

In addition, the MASB's resources do not allow for it to respond to student's requests for assistance in completing assignments

Here are some of the questions that the staff frequently receives from preparers, auditors and users of MASB Standards. The answers to the following questions have been prepared by the MASB staff and do not in any way represent the official position of the MASB.

A - Implementation of MFRS Standards
B - Implementation of MPERS
C - Implementation of PERS
D Others