Exposure drafts listed below had been issued for public comments, the exposure 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.Â�
|ED Reference||ED Title||Issue Date||Comment Deadline|
|There is no pending MASB ED|
The MASB has revised its due process (click thhereth 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 exposure 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 exposure period.
|Reference||Title||MASB Issue Date||MASB Comment Deadline|
|IASB ED/2010/2||Conceptual Framework for Financial Reporting: Reporting Entity||Mar 2010||16 Jul 2010|
|IASB ED/2013/7||3 Jul 2013||27 Sep 2013|
|IASB ED/2014/4||IASB Exposure Draft on Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (Proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28, IAS 36 and Illustrative Examples for IFRS 13)||22 Sep 2014||12 Dec 2014|
|2015/5||IASB ED2015/5 on
||18 June 2015||18 Sep 2015|
|2015/7||IASB ED2015/7 on Effective Date of Amendments to IFRS 10 and IAS 28||17 Aug 2015||25 Sep 2015|
|2017/2||IASB ED/2017/2 Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)||14 Apr 2017||16 Jun 2017|
|2018/1||IASB Exposure Draft ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8)||4 Apr 2018||18 Jun 2018|
|2018/2||IASB Exposure Draft ED/2018/2 Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37)||21 Dec 2018||15 Mar 2019|