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.
|ED Reference||ED Title||Issue Date||Comment Deadline|
|There is no pending MASB ED|
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/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
||18 June 2015||18 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|
|2019/4||3 Jul 2019||19 Aug 2019|
|2019/5||IASB Exposure Draft ED/2019/5 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12 Income Taxes)||26 July 2019||26 September 2019|
|2019/6||IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements)||9 August 2019||31 October 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|