MASB issues exposure draft on Management Commentary (30 April 2012)

The objective of ED 76 is to provide a broad, non-binding framework for the presentation of management commentary that relates to financial statements that have been prepared in accordance with Malaysian Financial Reporting Standards (MFRSs). The [draft] Guidance is not a MFRS and as such its application is not mandatory under the MFRS Framework.

The [draft] Guidance proposes to supplement and complement information presented in the financial statements through the provision of management’s view of the entity’s performance, position and progress. Managements are encouraged to disclose information, for example forward looking information, that would help users understand their objectives and strategies for achieving those objectives.

Interested parties, including the business communities, are encouraged to study the Exposure Draft and provide feedback to MASB. The deadline to comment on the ED is 30 July 2012. The Exposure Draft is available on MASB website at http://www.masb.org.my. The public is encouraged to provide their comments electronically through “Comment Online” on our website. Alternatively, comments may be sent by mail, fax or e-mail to:

The Technical Director
Malaysian Accounting Standards Board
Suite 5.02, Level 5 Wisma UOA Pantai
No 11 Jalan Pantai Jaya
59200 Kuala Lumpur
Fax: +603 2240 9300
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Click here to download MASB ED 76.

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