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MASB Approved Accounting Standards for Entities Other than Private Entities

Entities Other Than Private Entities shall apply the MFRS framework for annual periods beginning on or after 1 January 2012, with the exception of entities that are permitted in the alternative to apply the Financial Reporting Standards (FRS) framework.

Pursuant to the MASB Notice issued on 28 October 2015 entitled ‘Amendment to the effective date and applicability of the Malaysian Financial Reporting Standards’, entities that have in the alternative chosen to apply FRSs shall comply with MFRSs for annual periods beginning on or after 1 January 2018. Early application of the MFRS framework is permitted.

For more information please refer to the following MASB Notices:

The MFRS can be accessed at the following links:

The FRS can be accessed at the following links :

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These Standards contain material in which the International Financial Reporting Standards (IFRS) Foundation holds copyright and have been reproduced with the permission of the IFRS Foundation. Copyright in the International Financial Reporting Standards (including International Accounting Standards and Standing Interpretations Committee (SIC) and International Financial Reporting Interpretations Committee (IFRIC) Interpretations), International Accounting Standards Board (IASB) Exposure Drafts, and other IASB publications belong to the IFRS Foundation.

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