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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

MASB ED 50

Agriculture

Jan 2006

31 Mar 2006

MASB ED 62

Improvements to FRSs

(Issued as Improvements to FRSs in September 2009 except for Amendment to MASB ED 50)

Feb 2009

3 Apr 2009

 

[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

2010

IASB ED/2010/2

Conceptual Framework for Financial Reporting: Reporting Entity

Mar 2010

16 Jul 2010

2013
IASB ED/2013/7

Exposure Draft on Insurance Contracts

Basis for Conclusion

Illustrative Examples

3 Jul 2013 27 Sep 2013
2014
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
2015/1 IASB ED/2015/1 on Classification of Liabilities (Proposed amendments to IAS 1)  18 Feb 2015 11 May 2015
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 Sep 2015
2015/7 IASB ED2015/7 on Effective Date of Amendments to IFRS 10 and IAS 28 17 Aug 2015 25 Sep 2015
2015/3

Exposure Draft on Conceptual Framework for Financial Reporting

Basis for Conclusion

9 Jun 2015 25 Sep 2015
2015/4 IASB ED/2015/4 on Updating References to the Conceptual Framework  9 Jun 2015 25 Sep 2015
2016   
2016/1 IASB ED/2016/1 Definition of a Business and Accounting  for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11) 15 Jul 2016 30 Sep 2016
2015/10 IASB ED/2015/8 IFRS Practice Statement Application of Materiality to Financial Statements 6 Nov 2015 25 Jan 2016
2017
2017/1 IASB ED/2017/1 Annual Improvements to IFRS Standards 2015–2017 Cycle  20 Jan 2017 13 Mar 2017