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- MASB Approved Accounting Standards for Entities Other than Private Entities
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.
The MFRS can be accessed at the following links
IMPORTANT NOTICE: Our website is currently undergoing migration. The MFRS Bound Volume 2025 (BV 2025) will be uploaded once the new website is fully operational.
In the meantime, the BV 2025 – which contains the consolidated text of MFRSs issued up to 31 March 2025 – is available in printed format only. To purchase a copy of BV 2025, please click here.
Pursuant to the MASB Notice issued on 28 October 2015 titled ‘Amendment to the effective date and applicability of the Malaysian Financial Reporting Standards’, entities that were permitted in the alternative to apply Financial Reporting Standards (FRSs) shall comply with MFRSs for annual periods beginning on or after 1 January 2018. Consequently, the FRSs have been withdrawn for application for financial statements with annual periods beginning on or after 1 January 2018, and the FRSs have been superseded by the MFRS Framework.
Disclaimer
The MASB monitors the quality of the information available on this website and updates the information regularly. This website is presented by the MASB for the purpose of disseminating information and publications for the benefit of constituents. The MASB does not guarantee and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency or completeness of any material contained on this website or on any linked site.
The MASB uses its best endeavours to ensure the MASB approved accounting standards contained in this website are updated immediately upon issuance of such standards. In the event the MASB approved accounting standards available on the MASB website differ from the printed version (purchased from the MASB), the latter would prevail over the former.
Copyright
These Standards contain materials in which the IFRS Foundation holds copyright and which have been reproduced with the permission of the IFRS Foundation. Copyright in IFRS Standards (including Interpretations), IASB Exposure Drafts and other IASB publications belongs to the IFRS Foundation.
All rights are reserved. No part of this publication, the copyright of which is held by the IFRS Foundation, may be reproduced, stored in a retrieval system or transmitted in any form or by any means without the prior written permission of MASB and the IFRS Foundation, or as may be expressly permitted by law or under terms agreed with the appropriate reprographics rights organisation.
