Financial Reporting
Application of IAS 41 Agriculture in Malaysia
In January 2006, Malaysian Accounting Standards Board (MASB) issued Exposure Draft ED 50 Agriculture for public comments by professional accounting bodies, regulators, users and...
MASB confirms Malaysia to converge with IFRS on 1 Jan 2012
19 November 2011 - The Malaysian Accounting Standards Board (MASB) today issued a new MASB approved accounting framework, named as “Malaysian Financial Reporting Standards...
MFRS 9 to result in comprehensive provisioning methods
KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) expects the Malaysian Financial Reporting Standards 9 (MFRS 9), which was implemented on Jan 1, 2018, to...
New IFRS 13 on Fair Value Measurement
On 12 May 2011, the IASB has issued IFRS 13 Fair Value Measurement which replaces the guidance on fair value measurement in existing IFRS...
IASB issued 3 new IFRSs on Consolidation and Joint Venture Arrangements
On 12 May 2012, the International Accounting Standards Board (IASB) issued 3 new IFRSs on accounting for consolidation, joint (venture) arrangements and disclosure of...
IFRS compliant by 2012 in Malaysia is ON
The Malaysian Accounting Standards Board (“MASB”) has, on 28 June 2011, issued MASB Exposure Draft 75 “IFRS-compliant Financial Reporting Standards” (“MASB ED 75”), which...
SC launched 5-year Corporate Governance Blueprint
The Securities Commission Malaysia on 8 July 2011, launched the 5-year Corporate Governance Blueprint, which provides the action plan to raise the standards of...
MASB calls for IAS 41 post-implementation review
In a meeting of National Standard Setters (NSS) in March 2011, the Malaysian Accounting Standards Board (MASB) called for limited amendments to IAS 41...
Another wave of new IFRS standards hitting Malaysia by 2013
In May 2011, the International Accounting Standards Board (IASB) simultaneously issued six IFRSs, five of which relate to consolidation and one on fair value...
