The purpose of accounting standard is to govern the process and subsequently reporting for entities. Hence, absence specific an entity would be problematic give rise several issues. This research aims understand how affects practices entity. findings show waqf corporation tries adhere prevailing standard, which not institutions, important it have a in place institutions.

Optimality in accounting standards is elusive, and a tireless quest for it through empirical research seems rather Sisyphean. Then, why don’t we let market participants decide as we do in most consumer goods? On the other hand, even card-carrying free market advocates seem to have a hunch that some labor standards such as prohibition of sexual harassment and protection of workers engaged in dan...