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

Siti Nur Ayuni Rosli; Nurul Nazlia Jamil

doi:10.33102/uij.vol33noS4.413

Authors

Siti Nur Ayuni Rosli Universiti Sains Islam Malaysia
Nurul Nazlia Jamil Universiti Sains Islam Malaysia

DOI:

https://doi.org/10.33102/uij.vol33noS4.413

Keywords:

Malaysian Private Entity Reporting Standard (MPERS), Small and Medium Enterprises (SMEs), Coronavirus Disease 2019 (Covid-19), External Pressure and Environmental Uncertainty

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.

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Author Biographies

Siti Nur Ayuni Rosli, Universiti Sains Islam Malaysia

Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia

Nurul Nazlia Jamil, Universiti Sains Islam Malaysia

Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia

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