MASB MONTHLY TELECONFERENCE ON MFRS FRAMEWORK

MASB MONTHLY TELECONFERENCE ON MFRS FRAMEWORK

In conjunction with convergence with International Financial Reporting Standards (IFRS) in 2012, the Malaysian Accounting Standards Board (MASB) on 19 November 2011 issued a new MASB approved accounting framework, the Malaysian Financial Reporting Standards (MFRS Framework).

The MFRS Framework is to be applied by all Entities Other Than Private Entities for annual periods beginning on or after 1 January 2012, with the exception of entities that are within the scope of MFRS 141 Agriculture and/or IC Interpretation 15 Agreements for Construction of Real Estate, including its parent, significant investor and venture (herein called ‘Transitioning Entities’). Adoption of the MFRS Framework by Transitioning Entities will be mandatory for annual periods beginning on or after 1 January 2014.

The MASB Chairman, Encik Mohammad Faiz Azmi, would like to invite practitioners and preparers of non-private entities to a monthly teleconference to raise questions in relation to the MFRS Framework. Questions raised should cover issues that are widespread and have practical relevance, involve significantly divergence interpretations and not entity or case-specific.

Schedule of the teleconferences is as follows:

MASB MONTHLY TELECONFERENCE 2012 31-Jan-2012 Auditors: 3.00 PM to 4.00 PM   Non-private entities: 4.00 PM to 5.00 PM   28-Feb-2012     Auditors: 3.00 PM to 4.00 PM   Non-private entities: 4.00 PM to 5.00 PM   20-Mar-2012     Auditors: 3.00 PM to 4.00 PM   Non-private entities: 4.00 PM to 5.00 PM   17-Apr-2012     Auditors: 3.00 PM to 4.00 PM   Non- private entities: 4.00 PM to 5.00PM   06-Jun-2012      Auditors: 3.00 PM to 4.00 PM    Non-private entities: 4.00 PM to 5.00 PM 27-Jul-2012     Auditors:  3.00 PM to 3.40 PM   Non-private entities:  3.45 PM to 4.30 PM   25-Sept-2012     Auditors and Non-private entities (combined session) 4.30 PM to 5.30 PM   31-Oct-2012     Auditors and Non-private entities (combined session) 3.30 PM to 5.30 PM

MASB MONTHLY TELECONFERENCE 2013 21-Jan-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM   22-Feb-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM   21-Mar-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM   26-Apr-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM   23-May-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM  Live Webcast 21-June-2013     Auditors and Non-private entities (combined session) 3.00 PM to 5.00 PM

The teleconference schedule was prepared based on best information available at the time of preparation and are subject to change. Hence, the MASB reserves the right to reschedule or cancel the teleconference. Notice of such changes will be given when possible.

The teleconference dial-in details are:

Dial in number: +603-8885 2600

Pin number: 426808#

Live-Webcast log in details:

User ID: masb
Password: masb

Archived-Webcast log in details:

User ID: masb
Password: masb

Please let us know if you would like to participate in the teleconference and send us your questions 5 working days before each teleconference to This email address is being protected from spambots. You need JavaScript enabled to view it. . In order to have an effective teleconference, only questions submitted prior to the due date will be discussed during the teleconference.

Please contact Elissa Yeoh at +603-2240 9200 should you have any enquiries on the teleconference.

Frequently Asked Questions (FAQ) on the Implementation of MFRSs

Please click here for FAQ on the implementation of MFRSs.