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Under the Myanmar Companies Act (MCA) companies must maintain proper books of accounts which  are required to be kept at the  registered office of the company. Financial statements must be prepared in accordance with Myanmar Accounting Standards(MAS).

In 2003 and 2004, in the absence of a government policy, the Myanmar Accountancy Council (MAC) issued MASs 1 to 30, which were based on International Accounting Standards existing at that time.

The MAC is a member of the ASEAN  Federation of Accountants (AFA).

(Source: http://charltonsmyanmar.com/myanmar-law/myanmar-accounting-standards/)