Comprehensive Overview of Standards

The MASB hosted a one-and-a-half day seminar to provide a comprehensive overview of the accounting standards with the privilege of having the IASB Director of International Activities and also the current Chairman of the IFRS Interpretations Committee, Mr. Wayne Upton, as the speaker of the seminar.

The topics addressed in the seminar comprised of all IFRS issued by IASB including those that will be effective on or after 1 January 2013. Mr. Upton explained the reasons and rationales behind the issuance of these IFRSs.

The seminar was attended by a total of 170 participants comprised mainly of accountants from various industries and also practitioners.