Académique Documents
Professionnel Documents
Culture Documents
Standard Perakaunan
Di Malaysia
Nama Pelajar : Siti Mazni Bt Md Zain
Matriks No.
: DX100269DWJ04
Pensyarah : MOHD SALEHUDIN MOHD
SIMPOL
Subjek
: DDW3153
PERAKAUNAN PERTENGAHAN
2
Contents
History
Parties Involved In Standard-setting
Securities Commission Malaysia
(SC)
The Malaysian Institute of
Certified Public Accountants (CPA)
Malaysian Accounting Standards
Board (MASB)
Standard-setting Due Process
Malaysian Financial Reporting
Standards (MFRSs)
References
HISTORY
On 1 August 2008, the FRF and MASB announced their plan to
bring Malaysia to full convergence with International Financial
Reporting Standards (IFRSs) by 1 January 2012. IFRSs are
used by more than 100 countries around the world, and other
economies such as Korea, India and Canada have also
announced IFRS convergence by 2011 whilst the United
States have issued a proposed roadmap for the potential use
of IFRS by US issuers.
IFRS is issued by the International Accounting Standards
Board whose mission is to develop, in the public interest, a
single set of high quality, understandable, enforceable and
globally accepted financial reporting standards for general
purpose
financial
statements.
As capital markets have become increasingly global, the
changeover from Financial Reporting Standards (FRSs) to
Malaysian Financial Reporting Standards (MFRSs), equivalent
to IFRSs will help place Malaysian businesses on a level
playing
field
with
its
international
counterparts.
References
http://www.masb.org.my/index.php?option=com
_content&view=article&id=1376&Itemid=63
http://www.sc.com.my/about-us/what-we-do/
http://www.micpa.com.my/about-us/the-institute/
http://www.masb.org.my/images/FRA/2013jan-f
inancial%20reporting%20act%201997%20act%205
58.pdf
http://www.masb.org.my/index.php?option=com
_content&view=article&id=1626&Itemid=6