Section 9 — Accounting Standards Act

Accounting standards made or formulated by the Council may apply —

to all companies or specified classes or descriptions of companies; and

to such persons or such classes of persons as the Minister may prescribe.

Such accounting standards may be of general or specially limited application, and may differ according to differences in time, place or circumstance.

The Council may, from time to time, issue practice directions on the interpretation of the accounting standards made or formulated under this

Part and on matters relating to them and their use in Brunei Darussalam.

Accounting Standards 10