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Public Forum on IASB Draft Technical Pronouncements

15 June 2009

MASB Public Forum on IASB Draft Technical Pronouncements

MASB organised a public forum with constituents of various industries with the objective to seek comments on draft pronouncements issued by IASB,

They were Discussion Paper on Leases–Preliminary Views; Exposure Draft on Income Taxes and Exposure Draft on Derecognition (proposed amendments to IAS 39 and IFRS 7).

MASB working group project managers, Mr. Thong Voo Fung (Leases), Mr. Ng Swee Weng (Income Taxes) and Mr. Chan Hooi Lam (Financial Instruments) presented to the public the salient features of these IASB Draft Technical Pronouncements respectively.

MASB believes that such a forum would provide an avenue for stakeholders in Malaysia to contribute to the IASB’s standard-setting process on the subjects. And through that, MASB would have an opportunity to influence IASB’s views and direction in the development of an international standard.

About 100 key representatives from public listed companies, regulators, practitioners and professional bodies attended the forum.