MYANMAR’S NASCENT ACCOUNTANCY PROFESSION SET FOR STANDARDS BOOST
May 1st, 2016
MYANMAR, the world’s newest democracy, is taking steps to improve its financial reporting. Its reforms are new – as befits a country that saw its first and only stock exchange – the Myanmar Securities Exchange Centre (MSEC) – open on March 25. But this, coupled with increased foreign investment, legal reforms and regional economic integration are helping to improve the quality of accounting in this south-east Asian country.
The profession certainly needs developing. Following independence from Britain in 1948, accountants became increasingly thin on the ...
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