Exposure Drafts Pending

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.

[1] Pending MASB Exposure Drafts

ED Reference ED Title Issue Date Comment Deadline
There is no pending MASB ED

[2] Pending IASB Exposure Drafts, Draft IFRIC Interpretations and other draft pronouncements

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 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 March 2010 16 July 2010
IASB ED/2013/7

Exposure Draft on Insurance Contracts

Basis for Conclusion

Illustrative Examples

3 July 2013 27 September 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 September 2014 12 December 2014
2015/5 IASB ED2015/5 on Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan (Proposed amendments to IAS 19 and IFRIC 14) 18 June 2015 18 September 2015
2015/7 IASB ED2015/7 on Effective Date of Amendments to IFRS 10 and IAS 28 17 August 2015 25 September 2015
2017/2 IASB ED/2017/2 Improvements to IFRS 8 Operating Segments  (Proposed amendments to IFRS 8 and IAS 34) 14 April 2017 16 June 2017
2018/1 IASB Exposure Draft ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8) 4 April 2018 18 June 2018
2018/2 IASB Exposure Draft ED/2018/2 Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37) 21 December 2018 15 March 2019
2020/3 IASB Exposure Draft  ED/2020/3 Classification of Liabilities as Current or Non-current—Deferral of Effective Date (Proposed amendments to IAS 1)  6 May 2020 20 May 2020
2020/1 IASB Exposure Draft ED/2020/1 Interest Rate Benchmark Reform—Phase 2 13 April 2020 5 May 2020
2020/2 IASB Exposure Draft ED/2020/2 Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)  27 April 2020 4 May 2020