Discussion Papers Pending

Discussion Papers Pending

The Discussion Papers listed below had been issued for public comments, the comment period of which had lapsed. These drafts remained outstanding pending further review by the MASB or pending conclusion by the International Accounting Standards Board (IASB) / issuance of similar standard by the IASB.

The MASB has revised its due process (click here for the due process) in view that the Malaysian Financial Reporting Standards (MFRSs) are fully converged with the International Financial Reporting Standards (IFRS) since 1 January 2012. The revised due process allows for timely adoption and application of the MFRSs in Malaysia. This is important because the financial statements that have been prepared in accordance with MFRSs shall also make an explicit and unreserved statement of compliance with IFRSs. Therefore, the MASB issues IASB draft pronouncements simultaneously during the IASB’s comment period as the Board will not issue them based upon IASB finalised pronouncements.

The following pending Draft Pronouncements refer to draft pronouncements issued by the MASB simultaneously during the IASB’s comment period:

Reference Title MASB Issue Date MASB Comment Deadline
2018/2 IASB Discussion Paper DP/2018/1 Financial Instruments with Characteristics of Equity 16 Jul 2018 16 Nov 2018
2017/3 IASB DP/2017/1 Disclosure Initiative—Principles of Disclosure)  14 Apr 2017 4 Aug 2017
IASB/DP/2014/2 Reporting the Financial Effects of Rate Regulation  Sep 2014 12 Dec 2014
IASB/DP/2014/1 Accounting for Dynamic Risk Management: a Portfolio Revaluation Approach to Macro Hedging   Apr 2014 17 Sep 2014
IASB/DP/2013/1 A Review of the Conceptual Framework for Financial Reporting  Jul 2013 22 Nov 2013