For a developing country there is probably the situation of misfit between the accounting system and the societal needs due to the fact that the accounting system tries to copy the kind found in developed country that was previously its colonial master. Hence, you strongly think that the concerned parties in such country should make the necessary change. In the case of Malaysia or another similar developing country of your choice, which country whose aspects of its accounting could be emulated to improve its accounting system? And such improvement needs to take place as a result of the misfit or due to some other reasons. Your answer should include discussing reasons as to why that particular country’s accounting is chosen to be the model to follow and the different areas of that country’s accounting that you believe to be worth emulating.