MALAYSIA PROPOSALS FOR PRIVATE ENTITY ACCOUNTING CLOSER
July 1st, 2013
The Malaysian Accounting Standards Board (MASB) last month issued Exposure Draft 77 Malaysian Private Entities Financial Reporting Standard (MPERS) for comment. The Board proposes that all private entities should have to apply a single financial reporting framework, the MPERS or whatever name the Board may choose, on 1 January 2016. It defines private entities as non-public interest entities such as non-listed companies. The MPERS as proposed is closely aligned to the International Financial Reporting Standards (IFRS) for Small and Medium-Sized ...
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