Sharing Session on IAS 41 Agriculture – Fair Valuation of Biological Asset

On May 13, 2011 the MASB organised a sharing session on IAS 41 Agriculture - Fair Valuation of Biological Asset. Caroline Woodward, a director of PwC London and Aziah Mohd Yusoff, Director of CH Williams Talhar & Wong Sdn Bhd were invited as speakers for the event.

Caroline, with over 30 years of experience in accounting and valuation experience shared with the audience her knowledge from the accounting standpoint on the subject matter; whilst Aziah, a property consultant of 20 years, provided her insights from a valuer perspective.

The sharing session was attended by 59 participants comprising of practitioners, preparers and also valuers.

MASB Board member, Ken Pushpanathan, chaired the session and Technical Director of MASB, Tan Bee Leng, provided an overview of IAS 41 to the participants.