Malaysian Private Entity Reporting Standard (MPERS) For Small Medium Enterprises In Malaysia: Value Adding Or Additional Pain?

  • Nurul Nazlia Jamil Senior Lecturer
  • Nathasa Mazna Ramli Associate Professor
  • Ainulashikin Marzuki Senior Lecturer
  • Nurul Nadiah Ahmad Lecturer
Keywords: SMEs, Economy, Financial, Reporting, Standard


Small and medium-size enterprises (SMEs) have an important position in this global economy. The paper aims to highlight having at basis the research papers problems connected the new private entity reporting standard introduced in Malaysia and the efforts that must be made for the bettering of financial communication of that companies. The usefulness of this new reporting seeks to obtain common language in reporting financial data, capable to be used by readers in the same meaning and meeting the needs for harmonization of financial and accounting information to all participants. This paper examines does the new reporting standard, Malaysia Private Entity Reporting Standard (MPERS) for SMEs in Malaysia adding value or additional pain? The data were gathered using the semi structured interview studies with the audit partners and practitioners who directly involved with the MPERS implementation. The paper further discussed the opportunities and challenges faced by the Malaysian SMEs with the transition process of reporting standard. The study seeks to explore the development of MPERS in Malaysia, with emphasis on the current position and the implications of recent and future changes. The results reveal that SMEs facing few challenges such as disruption on the financial data routine, technical fair value measurement, rising compliance costs and the readiness of SMEs in implementing the MPERS. These findings indicate that the authorities need to be more aware of the impact of transitioning with the minimal adverse impacts to the SMEs business operations.

Author Biographies

Nurul Nazlia Jamil, Senior Lecturer
Faculty of Economic and Muamalat, Universiti Sains Islam Malaysia
Nathasa Mazna Ramli, Associate Professor
Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
Ainulashikin Marzuki, Senior Lecturer
Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia
Nurul Nadiah Ahmad, Lecturer
Department of Accounting, Universiti Tenaga Nasional


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How to Cite
Jamil, N. N., Ramli, N. M., Marzuki, A., & Ahmad, N. N. (2020). Malaysian Private Entity Reporting Standard (MPERS) For Small Medium Enterprises In Malaysia: Value Adding Or Additional Pain?. Perdana: International Journal of Academic Research, 7(1), 16-28. Retrieved from