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Issues Committee

The Issues Committee assists the MASB in ensuring and promoting high quality accounting practices in the country. Recommendations and decisions of the Issues Committee are submitted to the Board who will decide on the appropriate course of action. The Issues Committee is chaired by the MASB Chairman and is responsible to:

(a) review and undertake detailed study of the IFRIC Interpretation having regard to;

  • statutory and regulatory reporting requirements;
  • practical issues relating to the application of the IFRIC Interpretation;
  • current studies/projects undertaken by the IASB relating to the topic;
  • accounting standards and practice in other major standard setting jurisdictions.
(b) review comments received on the draft Interpretation issued by the IASB’s IFRS Interpretations Committee and prepares a summary of the comments for review by the MASB.

(c) submit its recommendation on the adoption or otherwise of the IFRIC Interpretation.

The Committee comprises representatives from the accounting profession, commerce, the academia as well as an analyst and a solicitor. The members of the Issues Committee are appointed by the Board. The members are:

  • Mr Ng Kim Tuck (MICPA, Representative)
  • Mr Cheong Thoong Farn (Partner, Deloitte KassimChan)
  • Mr Thong Foo Vung (Partner, KPMG)
  • Mr Yap Seng Chong (Partner, Ernst & Young)
  • Ms Siew Kar Wai (Partner, PwC)
  • Mr Lee Soo Eng (Director, Mazars)
  • Encik Jalalullail Othman (Partner, Shook Lin & Bok)
  • Mr Chong Kin Leong (Chief Finance Officer, Genting Berhad)
  • Ms Ho Say Keng (Company Secretary, YTL Corporation Berhad)
  • Datuk Zaiton Mohd Hassan (Managing Director, Capital Intelligence Advisors Sdn Bhd)
  • Mr Chua Siam Keong (Manager, Sime Darby Berhad)
  • Assoc. Prof. Dr Fatima Abdul Hamid (Head of Research, International Islamic University Malaysia)

Observer representatives from:

  • Malaysian Institute of Accountants
  • Securities Commission
  • Bank Negara Malaysia
  • Suruhanjaya Syarikat Malaysia
  • Bursa Malaysia Berhad