MPSAS Series: Why there is a need for public sector accounting standards?

Originally published at: Why there is a need for public sector accounting standards? | TheAccSense

This is our very first article published in a series of articles under MPSAS Series, aimed at sharing with you the accounting for public sector entities in Malaysia. We had previously shared with you the Overview of the Malaysian Public Sector Accounting Standards (“MPSAS”). If you haven’t read, please go through it first as this…