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Meeting with PLCs on MASB ED 74 Reduced Disclosure Requirements

Meeting with PLCs on MASB ED 74 Reduced Disclosure Requirements

The Secretariat held a meeting with the PLCs to discuss on the proposed MASB ED 74 Reduced Disclosure Requirements.

The proposed ED introduced a framework known as Financial Reporting Standards – Reduced Disclosure Requirements (FRS-RDR) which would allow entities that meet specified criteria to provide lesser disclosures than those required under the existing FRS framework.

During that meeting, the representatives of the PLCs were also briefed on the definitions of RDR and the approaches in determining the RDR.

Among the entities participated in the meeting were representatives from Public Bank Berhad, MISC Berhad, Axiata Berhad, Genting Berhad, PLUS Berhad and YTL Berhad.