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Malaysia may let foreign companies use IFRSs

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16 Sep 2004

The government of Malaysia is considering an amendment to the Financial Reporting Act that would allow foreign companies traded on Bursa Malaysia – the Malaysian stock exchange – to use IFRSs by year-end.

Domestic companies would continue to use the standards set by the Malaysian Accounting Standards Board. Currently, approximately 930 companies are listed on Bursa Malaysia, of which four are foreign.

Correction list for hyphenation

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