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Meeting with public listed companies auditors on FRS 139

9 April 2010
Meeting with public listed companies auditors on FRS 139

Following the meeting with Banks on 6 April 2010, the MASB Secretariat took a step further, and held a meeting with auditors of public listed companies.

The purpose of the meeting was to discuss implementation issues, if any, in applying FRS 139 during the first quarter of 2010. The following issues were deliberated, among other things:

(a)  Formation of FRS 139 Implementation Committee;

(b)  What has been done by MASB, BNM, Bursa and MIA FRSIC;

(c)  FRS 139 unresolved issues; and

(d)  Status of adoption of IFRS 9

The meeting was chaired by MASB Chairman, Mohammad Faiz and was attended by 15 auditor firms.