This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Malaysia proposes to adopt IFRS for SMEs

  • Malaysia Image
  • IFRS for SMEs (mid blue) Image

17 Apr 2010

The Malaysian Accounting Standards Board (MASB) has issued an exposure draft (ED 72 Financial Reporting Standard for Small and Medium-sized Entities) that is identical to the IFRS for SMEs.

MASB's objectives in adopting the IFRS for SMEs are:
  • provide improved comparability for users of accounts
  • enhance the overall confidence in the accounts of SMEs
  • reduce the significant costs involved of maintaining standards on a national basis
  • provide a platform for growing businesses that are preparing to enter public capital markets, where application of full Malaysian FRSs (soon to be fully converged with IFRSs) is required
Click here to Download Exposure Draft 72 and the related comment questionnaire from MASB's website. Comment deadline is 30 September 2010.


Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.