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
2010
IASB ED/2010/2 Conceptual Framework for Financial Reporting: Reporting Entity March 2010 16 July 2010
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 September 2014 12 December 2014
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 September 2015
2017
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
2018/1 IASB Exposure Draft ED/2018/1 Accounting Policy Changes (Proposed amendments to IAS 8) 4 April 2018 18 June 2018
2019
2019/4

IASB Exposure Draft ED/2019/4 Amendments to IFRS 17 Insurance Contracts

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
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