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'Superseded' Exposure Drafts

The exposure drafts listed below had been superseded by MASB Standard. The numbering of the Standards may not necessarily correspond to the numbering of the exposure drafts.

[1] Superseded MASB Exposure Drafts (ED)

ED Reference ED Title ED Issuance Date Status/ Remarks
MASB ED 1 Presentation of Financial Statements Jul 1998 Issued as MASB 1 in July 1999
MASB ED 2 Inventories Jul 1998 Issued as MASB 2 in July 1999
MASB ED 3 Net Profit or Loss for the Period, Fundamental Errors and Changes in Accounting Policies Jul 1998 Issued as MASB 3 in July 1999
MASB ED 4 The Effect of Changes in Foreign Exchange Rates Jul 1998 Issued as MASB 6 in July 1999
MASB ED 5 Cash Flow Statements Aug 1998 Issued as MASB 5 in July 1999
MASB ED 6 Research and Development Costs Aug 1998 Issued as MASB 4 in July 1999
MASB ED 7 Construction Contracts Aug 1998 Issued as MASB 7 in July 1999
MASB ED 8 Related Party Disclosures Aug 1998 Issued as MASB 8 in Dec 1999
MASB ED 9 Consolidated Financial Statements and Investments in Subsidiaries Oct 1998 Issued as MASB 11 in Dec 1999
MASB ED 10 Investment in Associates Oct 1998 Issued as MASB 12 in Dec 1999
MASB ED 11 Revenue Oct 1998 Issued as MASB 9 in Dec 1999
MASB ED 12 Leases Nov 1998 Issued as MASB 10 in Dec 1999
MASB ED 13 Earnings Per Share Apr 1999 Issued as MASB 13 in Dec 1999
MASB ED 14 Financial Reporting of Interests in Joint Venture May 1999 Issued as ED 14 (Revised) in Feb 2000 and as MASB 16 in June 2000
MASB ED 15 Depreciation Accounting Jul 1999 Issued as MASB 14 in June 2000
MASB ED 16 Property, Plant & Equipment Sep 1999 Issued as MASB 15 in June 2000
MASB ED 17 General Insurance Business Jan 2000 Issued as MASB 17 in Dec 2000
MASB ED 18 Life Insurance Business Jan 2000 Issued as MASB 18 in Dec 2000
MASB ED 19R Borrowing Costs Aug 2001 Issued as MASB 27 in Dec 2001
MASB ED 20 Events After the Balance Sheet Date Jan 2000 Issued as MASB 19 in Dec 2000
MASB ED 21 Provisions, Contingent Liabilities and Contingent Assets Jan 2000 Issued as MASB 20 in Dec 2000
MASB ED 22 Segment Reporting Mar 2000 Issued as MASB 22 in Mar 2001
MASB ED 23 Business Combinations Mar 2000 Issued as MASB 21 in Dec 2000
MASB ED 24 Financial Instruments; Disclosure and Presentation Mar 2000 Issued as MASB 24 in Mar 2001
MASB ED 25 Impairment of Assets Mar 2000 Issued as MASB 23 in Mar 2001
MASB ED 26 Financial Reporting by Unit Trusts Jun 2000 Superseded by FRS 132 in Feb 2006
MASB ED 27R Property Development Activities Dec 2001 Issued as MASB 32 in June 2003
MASB ED 28 Goodwill Nov 2001 To combine into Business Combinations Std.
MASB ED 29 Income Taxes Feb 2001 Issued as MASB 25 in Dec 2001
MASB ED 30 Interim Financial Reporting Mar 2001 Issued as MASB 26 in Dec 2001
MASB ED 31R Investment Property Nov 2004 Issued as FRS 140 in Feb 2006
MASB ED 32 Discontinuing Operations Aug 2001 Issued as MASB 28 in Mar 2002
MASB ED 33 Employee Benefits Aug 2001 Issued as MASB 29 in Mar 2002
MASB ED 34 Accounting and Reporting by Retirement Benefit Plans Nov 2001 Issued as MASB 30 in June 2002
MASB ED 35R Financial Instruments: Recognition and Measurement Dec 2004 Issued as ED 35 (Revised) in Dec 2004
MASB ED 36 Accounting for Government Aid Jul 2002 Issued as MASB 31 in June 2003
MASB ED 37 Proposed Improvements to MASB Standards Jul 2004 Issued as FRS 102, FRS 116, FRS 110 and FRS 124 in Feb 2006
MASB ED 38 Proposed Improvements to MASB Standards Sep 2004 Issued as FRS 101, FRS 108 and FRS 121 in Feb 2006
MASB ED 39 Non-current Assets Held for Sale and Discontinued Operations Sep 2004 Issued as FRS 5 in Feb 2006
MASB ED 40 Business Combinations Nov 2004 Issued as FRS 3 in Feb 2006
MASB ED 41 Impairment of Assets Nov 2004 Issued as FRS 136 in Feb 2006
MASB ED 42 Intangible Assets Nov 2004 Issued as FRS 138 in Feb 2006
MASB ED 43 Proposed Improvements on MASB Standard on Leases Nov 2004 Issued as FRS 117 in Feb 2006
MASB ED 44 Share-based Payment Dec 2004 Issued as FRS 2 in Feb 2006
MASB ED 45 Proposed Improvements to MASB Standard on Financial Instruments: Disclosure and Presentation Dec 2004 Issued as FRS 132 in Feb 2006
MASB ED 46 Proposed Improvements to Financial Reporting Standards Jan 2005 Issued as FRS 127, FRS 128, FRS 131 and FRS 133 in Feb 2006
MASB ED 47 First-time Adoption of Financial Reporting Standards Jan 2005 Issued as FRS 1 in Feb 2006
MASB ED 48 Exploration for and Evaluation of Mineral Resources May 2005 Issued as FRS 6 in Aug 2006
MASB ED 49 Amendment to FRS 119 Employee Benefits: Actuarial Gains and Losses, Group Plans and Disclosures Jul 2005 Issued as Amendment to FRS 1192004 Employee Benefits - Actuarial Gains and Losses, Group Plans and Disclosures in Aug 2006
MASB ED 51 Insurance Contracts Jan 2006 Issued as FRS 4 in November 2008
MASB ED 53 Framework for the Preparation and Presentation of Financial Statements Aug 2006 Issued as Framework for the Preparation and Presentation of Financial Statements in June 2007
MASB ED 54 Amendment to FRS 121 The Effects of Changes in Foreign Exchange Rates - Net Investment in a Foreign Operation Sep 2006 Issued as Amendment to FRS 121 in Feb 2007
MASB ED 55 Proposed Amendments to Financial Reporting Standards Mar 2007

Issued as FRS 107, FRS 111, FRS 112, FRS 118, FRS 119, FRS 120, FRS 126, FRS 129, FRS 134 and FRS 137 in June 2007
MASB ED 56 Financial Instruments: Disclosures Jun 2007 Issued as FRS 7 in November 2008
MASB ED 57 Operating Segments Jun 2007 Issued as FRS 8 in November 2008
MASB ED 58 Borrowing Costs Nov 2008 Issued as FRS 123 in May 2009
MASB ED 59 Amendment to Financial Reporting Standard 2 Share-based Payment: Vesting Conditions and Cancellations Nov 2008 Issued as Amendments to FRS 2 in May 2009
MASB ED 60 Amendments to FRS 1 and FRS 127 Jan 2009

Issued as Amendments to FRS 1 and FRS 127 in May 2009
MASB ED 61 Presentation of Financial Statements Feb 2009 Issued as FRS 101 in September 2009
MASB ED 62 Improvements to FRSs Jun 2006

Issued as Improvements to FRSsin September 2009 except for Amendment to MASB ED 50
MASB ED 63 Amendments to Standards on Financial Instruments Feb 2009 Issued in September 2009 as:
Amendments to FRS 132; and
Amendments to FRS 139, FRS 7 and IC Interpretation 9
MASB ED 64 Business Combinations Jun 2009 Issued as FRS 3 in January 2010
MASB ED 65 Consolidated and Separate Financial Statements Jun 2009 Issued as FRS 127 in January 2010
MASB ED 66 First-time Adoption of Financial Reporting Standards Jun 2009 Issued as FRS 1 in January 2010
MASB ED 67 Improving Disclosures about Financial Instruments (Amendments to FRS 7) Oct 2009 Issued as Amendments to FRS 7 in March 2010
MASB ED 68 Group Cash-settled Share-based Payment Transactions (Amendments to FRS 2) Nov 2009 Issued as Amendments to FRS 2 in July 2010
MASB ED 69 Financial Instruments Dec 2009 Issued as FRS 9 Financial Instruments and MFRS 9 Financial Instruments in November 2011
MASB ED 70 Technical Release 3 Guidance on Disclosures of Transition to IFRSs Dec 2009 Issued as Technical Release 3 in July 2010
MASB ED 71 Additional Exemptions for First-time Adopters (Amendments to FRS 1) Jan 2009 Issued as Amendments to FRS 1 in July 2010
MASB ED 73 Related Party Disclosures April 2010 Issued as FRS 124 in November 2010
MASB ED 75 IFRS-compliant Financial Reporting Standards June 2011 Issued as Malaysian Financial Reporting Standards in November 2011
MASB ED 76 Management Commentary April 2012 Issued as SOP 3 in February 2013, and renamed as MFRS Practice Statement 1 Management Commentary in November 2017 
MASB ED 52 Private Entity Reporting Standards Jun 2006 Issued as MPERS on 14 February 2014
MASB ED 72 FRS for SMEs Mar 2010
MASB ED 74 Amendments to Financial Reporting Standards arising from Reduced Disclosure Requirements Dec 2010
MASB ED 77 Exposure Draft on Malaysian Private Entities Reporting Standard Aug 2013
[draft] IC Interpretations [draft] IC Interpretations 1, 2, 5 Feb 2006 Issued as IC Interpretation 1, 2, 5, 6, 7, 8 in Feb 2007
[draft] IC Interpretations [draft] IC Interpretations 6, 7, 8 May 2006 Issued as IC Interpretation 1, 2, 5, 6, 7, 8 in Feb 2007
[draft] IC Interpretations [draft] IC Interpretations 9 & 10 Mar 2007 Issued as IC Interpretation 9 & 10 in November 2008
[draft] IC Interpretations [draft] IC Interpretations 11,13,14 Nov 2008 Issued as IC Interpretations 11,13,14 in May 2009
[draft] IC Interpretations [draft] IC Interpretation 12 Nov 2008 Issued as IC Interpretation 12 in January 2010
[draft] IC Interpretations [draft] IC Interpretations 15,16,17 Jun 2009 Issued as IC Interpretations 15,16,17 in January 2010
[draft] IC Interpretations [draft] IC Interpretations 4, 18 Oct 2009 Issued as IC Interpretations 4, 18 in July 2010
[draft] IC Interpretations [draft] IC Interpretation 19 and [draft] Amendments to IC Interpretation 14 Jun 2010 Issued as IC Interpretation 19 and Amendments to IC Interpretation 14 in November 2010
MASB ED i-1 Presentation of Financial Statements of Islamic Banks and Similar Financial Institutions Dec 2000 Issued as MASB i-1 in Dec 2000
MASB ED i-2 Ijarah Jul 2004 Issued as TR i-2 in April 2006
MASB ED i-3 Presentation of Financial Statements of Islamic Financial Institutions Feb 2009 Issued as TR i-3 in September 2009
MASB ED i-4 Shariah Compliant Sale Contracts Oct 2009 Issued as Technical Release i-4 in July 2010
MASB ED 78 Preparation of consolidated financial statements for a group which had disposed of its only subsidiary during the financial year Feb 2021 Issued as MAIG 3 Preparation of consolidated financial statements for a group which had disposed of its only subsidiary during the financial year
MASB ED 79 Determination of Announced Tax Rate as Substantively Enacted for Measurement of Deferred Tax Assets and Liabilities September 2023 Issued as MAIG 4 Determination of Announced Tax Rate as Substantively Enacted for Measurement of Deferred Tax Assets and Liabilities in October 2023

 

[2] Superseded IASB Exposure Drafts, Draft IFRIC Interpretations and other draft pronouncements

Given the MASB’s decision that Malaysia will converge with International Financial Reporting Standards (IFRS) in 2012, the MASB has revised its due process (click here for the due process) so that standards can be put in place for adoption and application in Malaysia within a timely manner . As such, the MASB issues IASB draft pronouncements simultaneously during the IASB’s exposure period as the Board will not issue exposure drafts based upon IASB finalised pronouncements.

The following superseded IASB Draft Pronouncements refer to draft pronouncements issued by the MASB simultaneously during the IASB’s exposure period.

Reference Title Issuance Date of the Drafts

Status/ Remarks

IASB ED/2010/3

Defined Benefit Plans (Proposed amendments to IAS 19)

Apr 2010
  • Finalised by IASB as IAS 19 in June 2011

  • Issued by MASB as MFRS 119 and FRS 119 (as amended in November 2011) in November 2011

IASB ED/2010/4

Fair Value Option for Financial Liabilities

May 2010
  • Finalised by IASB and included in IFRS 9 issued in October 2010

  • Included in MFRS 9 (IFRS 9 issued by IASB in October 2010) and FRS 9 (IFRS 9 issued by IASB in October 2010) as issued by MASB

IASB ED/2010/5

Presentation of Items of Other Comprehensive Income (Proposed amendments to IAS 1)

May 2010
  • Finalised by IASB as Amendments to IAS 1 in June 2011

  • Issued by MASB as Amendments to MFRS 101 and Amendments to FRS 101 in November 2011

IASB ED/2010/6

Measurement Uncertainty Analysis –Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure)

Jun 2010
  • Finalised by IASB as IFRS 13 in May 2011

  • Issued by MASB as MFRS 13 and FRS 13 in November 2011

IASB ED/2010/10

Removal of Fixed Dates for First-time Adopters (Proposed amendments to IFRS 1)

Aug 2010
  • Finalised by IASB as Amendments to IFRS 1 in December 2010

  • Issued by MASB as part of MFRS 1 and as Amendments to FRS 1 in November 2011

Draft IFRIC Interpretation DI/2010/1

Stripping Costs in the Production Phase of a Surface Mine

Aug 2010
  • Finalised by IASB as IFRIC Interpretation 20 in October 2011

  • Issued by MASB as IC Int. 20 in November 2011

IASB ED/2010/11

Deferred Tax: Recovery of Underlying Assets (Proposed amendments to IAS 12)

Sept 2010
  • Finalised by IASB as Amendments to IAS 12 in December 2010

  • Issued by MASB as part of MFRS 112 and as Amendments to FRS 112 in November 2011

IASB ED/2010/12

Severe Hyperinflation (Proposed amendments to IFRS 1)

Sept 2010
  • Finalised by IASB as Amendments to IFRS 1 in December 2010

  • Issued by MASB as part of MFRS 1 and as Amendments to FRS 1 in November 2011

IASB ED/2011/1

Offsetting Financial Assets and Financial Liabilities

Jan 2011
  • Finalised by IASB as Amendments to IFRS 7 and IAS 32 in December 2011

  • Issued by MASB as Amendments to MFRS 7 and MFRS 132 and Amendments to FRS 7 and FRS 132 in March 2012.

IASB SMEIG Draft Q&A

Section 1, Issue 1 - Use of IFRS for SMEs in a parent’s separate financial statements

Feb 2011
  • Finalised by IASB SMEIG as Final Q&A 2011/01 in June 2011

Section 1, Entities that typically have public accountability

Section 1, Issue 3 – Interpretation of “traded in public market”

Apr 2011
  • Finalised by IASB SMEIG as Final Q&As 2011/02 and 2011/03 in December 2011

General, Issue 2 – Interpretation of the ‘undue cost or effort’ and ‘impracticable’

Section 3, Issue 1 – Jurisdiction requires fallback to full IFRSs

Sept 2011
  • Finalised by IASB SMEIG as Final Q&As 2012/01 & 2012/02 in April 2012

IASB ED/2010/2

Conceptual Framework for Financial Reporting: Reporting Entity

March 2010
  • This project was replaced by an IASB-only comprehensive project on Conceptual Framework in 2012.

IASB ED/2011/3

Mandatory Effective Date of IFRS 9

Aug 2011
  • Finalised by IASB as Amendments to IFRS 9 in December 2011

  • Issued by MASB as Amendments to MFRS 9 (IFRS 9 issued by IASB in November 2009), MFRS 9 (IFRS 9 issued by IASB in October 2010) and MFRS 7 and Amendments to FRS 9 (IFRS 9 issued by IASB in November 2009), FRS 9 (IFRS 9 issued by IASB in October 2010) and FRS 7 in March 2012.

IASB ED/2011/5

Government Loans (proposed amendments to IFRS 1)

Oct 2011
  • Finalised by IASB as amendments to IFRS 1 in March 2012

  • Issued by MASB as Amendments to MFRS 1 and Amendments to FRS 1 in April 2012.

IASB SMEIG Draft Q&A

Section 11, Issue 1 – Fallback to IFRS 9 Financial Instruments

Section 30, Issue 1 – Recycling of cumulative exchange differences on disposal of a subsidiary

Nov 2011
  • Finalised by IASB SMEIG as Final Q&As 2012/03 and 2012/04 in April 2012.

IASB ED/2011/2

Improvements to IFRSs

Jun 2011
  • Finalised by IASB as Annual Improvements to IFRSs (2009-2011 cycle) in May 2012.

IASB ED/2011/7

Transition Guidance (Proposed amendments to IFRS 10)

Dec 2011
  • Finalised by IASB as Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance (Amendments to IFRS 10, IFRS 11 and IFRS 12) in June 2012.

  • Issued by MASB as Amendments to MFRS 10, MFRS 11 and MFRS 12 & Amendments to FRS 10, FRS 11 and FRS 12 respectively in July 2012.

IASB ED/2011/4

Investment Entities

Aug 2011
  • Finalised by IASB as Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27) in October 2012.

  • Issued by MASB as Amendments to MFRS 10, MFRS 12 and MFRS 127 & Amendments to FRS 10, FRS 12 and FRS 127 in February 2013.

IASB Request for Views

Agenda Consultation

Jul 2011
  • Finalised by IASB as Feedback Statement: Agenda Consultation 2011 in December 2012

IASB ED/2013/1

Recoverable Amount Disclosures for Non-Financial Assets (Proposed amendments to IAS 36)

Jan 2013
  • Finalised by IASB as Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36) in May 2013.

  • Issued by MASB as Amendments to MFRS 136 & FRS 136 in September 2013

IASB ED/2013/2

Novation of Derivatives and Continuation of Hedge Accounting (Proposed amendments to IAS 39)

Mar 2013
  • Finalised by IASB as Novation of Derivatives and Continuation of Hedge Accounting (Amendments to IAS 39) in June 2013.

  • Issued by MASB as Amendments to MFRS 139 and FRS 139 in September 2013

Draft IFRIC Interpretation DI/2012/1

Levies Charged by Public Authorities on Entities that Operate in a Specific Market

Jun 2012
  • Finalised by IASB as IFRIC Interpretation 21 Levies in May 2013.
     
  • Issued by MASB as IC Interpretation 21 Levies in September 2013.

IASB ED/2010/13

Hedge Accounting

Dec 2010
  • Finalised by IASB as IFRS 9 (Hedge Accounting and amendments to IFRS 9, IFRS 7and IAS 39 in November 2013

  • Issued by MASB as MFRS 9 (Hedge Accounting and amendments to MFRS 9, MFRS 7 and MFRS 139) and FRS 9 (Hedge Accounting and amendments to FRS 9, FRS 7 and FRS 139) in February 2014

IASB ED/2013/4

Defined Benefit Plans: Employee Contributions

Mar 2013
  • Finalised by IASB as narrow-scope amendments to IAS 19 employee Benefits in November 2013
  • Issued by MASB as Amendments to MFRS 119 and Amendments to FRS 119 in February 2014

IASB ED/2012/1

Annual Improvements to IFRSs 2010-2012 Cycle

May 2012
  • Finalised by IASB as Annual Improvements to IFRSs 2010-2012 Cycle in December 2013

  • Issued by MASB as Annual Improvements to FRSs 2010-2012 in February 2014

IASB ED/2012/2

Annual Improvements to IFRSs 2011-2013 Cycle

Nov 2012
  • Finalised by IASB as Annual Improvements to IFRSs 2010-2012 Cycle and Annual Improvements to FRSs 2010-2012 in February 2014

IASB ED/2012/5

Clarification of Acceptable Methods of Depreciation and Amortisation (Proposed amendments to IAS 16 and IAS 38) 

Dec 2012
  • Finalised by IASB as Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to IAS 16 and IAS 38) in May 2014
  • Issued by MASB as Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to MFRS 116 and MFRS 138) and Clarification of Acceptable Methods of Depreciation and Amortisation (Amendments to FRS 116 and FRS 138) in July 2014

IASB ED/2012/7

Acquisition of an Interest in a Joint Operation (Proposed amendment to IFRS 11)

Dec 2012
  • Finalised by IASB as Accounting for Acquisitions of Interests in Joint Operations (Amendments to IFRS 11) in May 2014
  • Issued by MASB as Accounting for Acquisitions of Interests in Joint Operations (Amendments to MFRS 11) and Accounting for Acquisitions of Interests in Joint Operations (Amendments to FRS 11) in July 2014

IASB ED/2013/5

Regulatory Deferral Accounts

May 2013
  • Finalised by IASB as IFRS 14 Regulatory Deferral Accounts in January 2014
  • Issued by MASB as MFRS 14 Regulatory Deferral Accounts in July 2014

IASB ED/2010/6

IASB ED/2011/6

Revenue from Contracts with Customers

Jun 2010

Nov 2011
  • Finalised by IASB as IFRS 15 in May 2014

  • Issued by MASB as MFRS 15 in September 2014

IASB ED/2013/8

Agriculture: Bearer Plants (Proposed amendments to IAS 16 and IAS 41)

Jul 2013
  • Finalised by IASB as Agriculture: Bearer Plants (Amendments to IAS 16 and IAS 41) in June 2014

  • Issued by MASB as Agriculture: Bearer Plants (Amendments to MFRS 116 and MFRS 141) in September 2014 

IASB ED/2013/10

Equity Method in Separate Financial Statements (Proposed amendments to IAS 27)

Dec 2013
  • Finalised by IASB as Amendments to IAS 27 in August 2014.

  • Issued by MASB as Amendments to MFRS 127 and Amendments to FRS 127 in November 2014.

IASB ED/2012/6

Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (Proposed amendments to IFRS 10 and IAS 28)

Dec 2012
  • Finalised by IASB as Amendments to IFRS 10 and IAS 28 in September 2014.

  • Issued by MASB as Amendments to MFRS MFRS 10 and MFRS 128 / Amendments to FRS 10 and FRS 128 in November 2014.

IASB ED/2013/11

Annual Improvements to IFRSs 2012–2014 Cycle

Dec 2013
  • Finalised by IASB as Annual Improvements to IFRSs 2012-2014 Cycle in September 2014.

  • Finalised by MASB as Annual Improvements to MFRSs 2012–2014 Cycle / Annual Improvements to FRSs 2012–2014 Cycle in November 2014.

Supplement to ED/2009/12 

Financial Instruments: Impairment (Supplement to ED Financial Instruments: Amortised Cost and Impairment)

Jan 2011
  • Finalised by IASB as IFRS 9 in July 2014

  • Finalised by MASB as MFRS 9 (IFRS 9 as issued by IASB in July 2014) and FRS 9 (IFRS 9 as issued by IASB in July 2014 ) in November 2014

DI/2012/2

Put Options Written on Non-controlling Interests

Jun 2012
  • Project discontinued by the IASB in April 2014

IASB ED/2012/3 

Equity Method: Share of Other Net Asset Changes (proposed amendments to IAS 28)

Nov 2012
  • Project discontinued by the IASB in May 2014

IASB ED 2012/4

Classification and Measurement: Limited Amendments to IFRS 9 (proposed amendments to IFRS 9 (2010))

Dec 2012
  • Finalised by IASB as IFRS 9 in July 2014

  • Finalised by MASB as MFRS 9 (IFRS 9 as issued by IASB in July 2014) and FRS 9 (IFRS 9 as issued by IASB in July 2014) in November 2014.

IASB ED/2014/1

Disclosure Initiative (Proposed amendments to IAS 1)

Apr 2014
  • Finalised by IASB as Amendments to IAS 1 in December 2014.

  • Issued by MASB as Amendments to MFRS 101 and Amendments to FRS 101 in January 2015.

IASB ED/2014/2

Investment Entities Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS 28)

Jun 2014
  • Finalised by IASB as Amendments to IFRS 10, IFRS 12 and IAS 28 in December 2014.

  • Issued by MASB as Amendments to MFRS 10, MFRS 12, MFRS 128 and Amendments to FRS 10, FRS 12 and FRS 128 in January 2015.

IASB ED/2013/9

Proposed amendments to the International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs)

Oct 2013
  • Finalised by IASB as 2015 Amendments to the IFRS for SMEs in May 2015.

IASB/ED/2015/2

Effective Date of IFRS 15

May 2015
  • Finalised by IASB as Effective Date of IFRS 15 in September 2015

  • Finalised by MASB as Effective Date of MFRS 15 in October 2015

IASB ED/2015/7

IASB ED2015/7 on Effective Date of Amendments to IFRS 10 and IAS 28

August 2015
  • Finalised by IASB as Effective Date of Amendments to IFRS 10 and IAS 28 in December 2015.

  • Finalised by MASB as Effective Date of Amendments to MFRS 10 and MFRS 128 in December 2015.

IASB ED/2014/4

Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value (Proposed amendments to IFRS 10, IFRS 12, IAS 27, IAS 28, IAS 36 and Illustrative Examples for IFRS 13)

September 2014
  • In January 2016, IASB removed this project from its work plan and the results of this project were included in the Post-implementation Review of IFRS 13 Fair Value Measurement.

IASB ED/2010/9

IASB ED/2013/6

Leases

August 2010

May 2013
  • Finalised by IASB as IFRS 16 Leases in January 2016

  • Finalised by MASB as MFRS 16 Leases in April 2016

IASB ED/2014/3

Recognition of Deferred Tax Assets for Unrealised Losses (Proposed amendments to IAS 12)

August 2014
  • Finalised by IASB as Amendments to IAS 12 in January 2016
  • Finalised by MASB as Amendments to MFRS 112 and Amendments to FRS 112 in April 2016

IASB/ED/2014/8

Disclosure Initiative (Proposed amendments to IAS 7)

December 2014
  • Finalised by IASB as Amendments to IAS 7 in January 2016
  • Finalised by MASB as Amendments to MFRS 107 and Amendments to FRS 107 in April 2016

IASB ED/2015/6

Clarifications to IFRS 15

12 August 2015
  • Finalised by IASB as Clarifications to IFRS 15 in April 2016
  • Finalised by MASB as Clarifications to MFRS 15 in June 2016

IASB ED/2014/5

Classification and Measurement of Share-based Payment Transactions (Proposed amendments to IFRS 2)

Dec 2014
  • Finalised by IASB as Amendments to IFRS 2 in June 2016
  • Finalised by MASB as Amendments to MFRS 2 and Amendments to FRS 2 in August 2016

Draft IFRIC Interpretation DI/2015/2

Foreign Currency Transactions and Advance Consideration

Oct 2015
  • Finalised by IASB as IFRIC 22 Foreign Currency Transactions and Advance Consideration in December 2016
  • Issued by MASB as IC Interpretation 22 Foreign Currency Transactions and Advance Consideration in December 2016

IASB ED/2015/9

Transfers of Investment Property (Proposed amendment to IAS 40)

Nov 2015
  • Finalised by IASB as Transfers of Investment Property (Amendments to IAS 40) in December 2016
  • Issued by MASB as Amendments to MFRS 140 and Amendments to FRS 140 in December 2016

IASB ED/2015/10

Annual Improvements to IFRSs 2014–2016 Cycle

Nov 2015
  • Finalised by IASB as Annual Improvements to IFRSs 2014–2016 Cycle in December 2016
  • Issued by MASB as Annual Improvements to MFRSs 2014–2016 Cycle / Annual Improvements to FRSs 2014–2016 Cycle in December 2016

IASB ED/2015/13

ED/2015/11 Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Proposed amendments to IFRS 4) 

Dec 2015
  • Finalised by IASB as Amendments to IFRS 4 in December 2016
  • Issued by MASB as Amendments to MFRS 4 and FRS 4 in December 2016

IASB ED 2010/8

ED/2010/8 Insurance Contracts

Jul 2010
  • Finalised by IASB as IFRS 17 in May 2017
  • Finalised by MASB as MFRS 17 in August 2017

IASB ED/2013/7

Exposure Draft on Insurance Contracts

Basis for Conclusion

Illustrative Examples

Jul 2013

IASB 2015/10

IASB ED/2015/8 IFRS Practice Statement Application of Materiality to Financial Statements

Nov 2015
  • Finalised by IASB as IFRS Practice Statement 2 in October 2017
  • Issued by MASB as MFRS Practice Statement 2 in November 2017

IASB ED 2017/4

IASB ED/2017/3 Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

Apr 2017
  • Finalised by IASB as Amendments to IFRS 9 in October 2017
  • Issued by MASB as Amendments to MFRS 9 in November 2017

IASB ED 2016/1

IASB ED/2016/1 Accounting  for Previously Held Interests (Proposed amendments to IFRS 3 and IFRS 11)

15 Jul 2016
  • Finalised by IASB as part of Annual Improvements to IFRS Standards 2015–2017 Cycle in December 2017
  • Issued by MASB as part of Annual Improvements to MFRS Standards 2015–2017 Cycle in January 2018

IASB ED 2017/1

IASB ED/2017/1 Annual Improvements to IFRS Standards 2015–2017 Cycle

20 Jan 2017
  • Finalised by Annual Improvements to IFRS Standards 2015–2017 Cycle in December 2017
  • Issued by MASB as Annual Improvements to MFRS Standards 2015–2017 Cycle in January 2018

IASB ED 2015/5

IASB ED2015/5 on Remeasurement on a Plan Amendment, Curtailment or Settlement (Proposed amendments to IAS 19)

June 2015
  • Finalised by IASB as Amendments to IAS 19 in February 2018
  • Issued by MASB as Amendments to MFRS 119 in March 2018

IASB ED 2015/3

Exposure Draft on Conceptual Framework for Financial Reporting

Basis for Conclusion

June 2015
  • Finalised by IASB as Conceptual Framework for Financial Reporting in March 2018
  • Issued by MASB as Conceptual Framework for Financial Reporting in April 2018

IASB ED 2015/4

IASB ED/2015/4 on Updating References to the Conceptual Framework 

June 2015
  • Finalised by IASB as Amendments to References to the Conceptual Framework in IFRS Standards in March 2018
  • Issued by MASB as Amendments to References to the Conceptual Framework in MFRS Standards in April 2018

IASB ED 2016/1

IASB ED/2016/1 Definition of a Business (Proposed amendments to IFRS 3)

July 2016
  • Finalised by IASB as Amendments to IFRS 3 in October 2018
  • Issued by MASB as Amendments to MFRS 3in December 2018

IASB ED 2017/6

IASB ED/2017/6 Definition of Material  (Proposed amendments to IAS 1 and IAS 8)

September 2017
  • Finalised by IASB as Amendments to IAS 1 and IAS 8 in October 2018
  • Issued by MASB as Amendments to MFRS 101 and MFRS 108 in December 2018

IASB ED/2017/2

Improvements to IFRS 8 Operating Segments (Proposed amendments to IFRS 8 and IAS 34)

April 2017
  • Project discontinued by IASB in February 2019. 

IASB ED 2019/1

IASB ED/2019/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39)

May 2019
  • Finalised by IASB as Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7) in September 2019

  • Issues by MASB as Interest Benchmark Reform (Amendments to MFRS 9, MFRS 139 and MFRS 7) in October 2019

IASB ED 2015/1

IASB ED/2015/1 Classification of Liabilities (Proposed amendments to IAS 1)

February 2015
  • Finalised by IASB as Classification of Liabilities as Current or Non-current (Amendments to IAS 1) in January 2020

  • Issued by MASB as  Classification of Liabilities as Current or Non-current (Amendments to MFRS 101) in March 2020

IASB ED/2017/4

IASB ED/2017/4 Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16 Property, Plant and Equipment)

 July 2017
  • Finalised by IASB as Property, Plant and Equipment—Proceeds before Intended Use (Amendments to IAS 16 Property, Plant and Equipment) in May 2020

  • Issued by MASB as Property, Plant and Equipment—Proceeds before Intended Use (Amendments to MFRS 116 Property, Plant and Equipment) in June 2020

IASB ED/2018/2

IASB ED/2018/2 Onerous Contracts—Cost of Fulfilling a Contract (Proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets)

December 2018
  • Finalised by IASB as Onerous Contracts—Cost of Fulfilling a Contract (Amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets) in May 2020

  • Issued by MASB as Onerous Contracts—Cost of Fulfilling a Contract (Amendments to MFRS 137 Provisions, Contingent Liabilities and Contingent Assets) in June 2020

IASB ED/2019/2

IASB ED/2019/2 Annual Improvements to IFRS Standards 2018–2020

May 2019
  • Finalised by IASB as Annual Improvements to IFRS Standards 2018–2020 in May 2020

  • Issued by MASB as Annual Improvements to MFRS Standards 2018–2020 in June 2020

IASB ED/2019/3

IASB ED/2019/3 Reference to the Conceptual Framework (Proposed amendments to IFRS 3 Business Combinations)

June 2019
  • Finalised by IASB as Reference to the Conceptual Framework (Amendments to IFRS 3 Business Combinations) in May 2020

  • Issued by MASB as Reference to the Conceptual Framework (Amendments to MFRS 3 Business Combinations) in June 2020

IASB ED/2020/2

IASB ED/2020/2 Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)

April 2020
  • Finalised by IASB as Covid-19-Related Rent Concessions (Amendments to IFRS 16 Leases) in May 2020

  • Issued by MASB as Covid-19-Related Rent (Amendments to MFRS 16 Leases) in June 2020

IASB ED/2018/1

Accounting Policy Changes (Proposed amendments to IAS 8)

April 2018
  • Project discontinued by IASB in June 2020. 

IASB ED/2019/4

IASB Exposure Draft ED/2019/4 Amendments to IFRS 17 Insurance Contracts

July 2019
  • Finalised by IASB as Amendments to IFRS 17 Insurance Contracts and Extension of the Temporary Exemption from Applying IFRS 9 (Amendments to IFRS 4 Insurance Contracts) in June 2020

  • Issued by MASB as Amendments to MFRS 17 Insurance Contracts and Extension of the Temporary Exemption from Applying MFRS 9 (Amendments to MFRS 4 Insurance Contracts) in August 2020

IASB ED/2020/3

IASB Exposure Draft ED/2020/3 Classification of Liabilities as Current or Non-current—Deferral of Effective Date (Proposed amendments to IAS 1)

May 2020
  • Finalised by IASB as Classification of Liabilities as Current or Non-current—Deferral of Effective Date (Amendment to IAS 1 Presentation of Financial Statements) in July 2020

  • Issued by MASB as Classification of Liabilities as Current or Non-current—Deferral of Effective Date in August 2020

IASB ED/2020/1

IASB Exposure Draft ED/2020/1 Interest Rate Benchmark Reform—Phase 2

April 2020
  • Finalised by IASB as Interest Rate Benchmark Reform—Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) in August 2020

  • Issued by MASB as Interest Rate Benchmark Reform—Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS 16) in September 2020

IASB 2019/6

IASB Exposure Draft ED/2019/6 Disclosure of Accounting Policies (Proposed amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements)

August 2019
  • Finalised by IASB as Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) in February 2021

  • Issued by MASB in March 2021 as Disclosure of Accounting Policies 
    -     Amendments to MFRS 101 Presentation of Financial Statements 
    -     MFRS Practice Statement 2 Making Materiality Judgements

IASB ED/2017/5

IASB Exposure Draft ED/2017/5 Accounting Policies and Accounting Estimates (Proposed amendments to IAS 8)

January 2018
  • Finalised by IASB as Definition of Accounting Estimates (Amendments to IAS 8) in February 2021

  • Issued by MASB as Definition of Accounting Estimates (Amendments to MFRS 108) in March 2021

IASB ED/2021/2

IASB Exposure Draft ED/2021/2 Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16)

February 2021
  • Finalised by IASB as Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16) in March 2021

  • Issued by MASB as Covid-19-Related Rent Concessions beyond 30 June 2021 (Amendment to MFRS 16 Leases) in April 2021

IASB ED/2019/5

IASB Exposure Draft ED/2019/5 Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Proposed amendments to IAS 12 Income Taxes)

July 2019
  • Finalised by IASB as Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12) in May 2021

  • Issued by MASB as Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to MFRS 112 Income Taxes) in June 2021

IASB ED/2021/8

IASB Exposure Draft ED/2021/8 Initial Application of IFRS 17 and IFRS 9—Comparative Information (Proposed amendment to IFRS 17)

July 2021
  • Finalised by IASB as Initial Application of IFRS 17 and IFRS 9—Comparative Information (Amendment to IFRS 17) in December 2021

  • Issued by MASB as Initial Application of MFRS 17 and MFRS 9—Comparative Information (Amendment to MFRS 17 Insurance Contracts) in December 2021

IASB ED/2020/4

IASB Exposure Draft ED/2020/4 Lease Liability in a Sale and Leaseback (Proposed amendment to IFRS 16)

December 2020
  • Finalised by IASB as Lease Liability in a Sale and Leaseback (Amendments to IFRS 16 Leases) in September 2022

  • Issued by MASB as Lease Liability in a Sale and Leaseback (Amendments to MFRS 16 Leases) in November 2022

IASB ED/2021/9

IASB Exposure Draft ED/2021/9 Non-current Liabilities with Covenants (Proposed amendments to IAS 1)

November 2021
  • Finalised by IASB as Non-current Liabilities with Covenants (Amendments to IAS 1) in October 2022

  • Issued by MASB as Non-current Liabilities with Covenants (Amendments to MFRS 101) in December 2022

IASB ED/2021/3

IASB Exposure Draft ED/2021/3 Disclosure Requirements in IFRS Standards—A Pilot Approach (Proposed amendments to IFRS 13 and IAS 19)

April 2021
  • Concluded by IASB with the issuance of Project Summary and Feedback Statement in March 2023. 

IASB ED/2023/1

IASB Exposure Draft ED/2023/1 International Tax Reform—Pillar Two Model Rules

January 2023
  • Finalised by IASB as International Tax Reform—Pillar Two Model Rules (Amendments to IAS 12 Income Taxes) in May 2023
  • Issued by MASB as International Tax Reform—Pillar Two Model Rules (Amendments to MFRS 112 Income Taxes) in June 2023

IASB ED/2021/10

IASB Exposure Draft ED/2021/10 Supplier Finance Arrangements (Proposed amendments to IAS 7 and IFRS 7)

November 2021
  • Finalised by IASB as Supplier Finance Arrangements (Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures) in May 2023 

  • Issued by MASB as Supplier Finance Arrangements (Amendments to MFRS 107 Statement of Cash Flows and MFRS 7 Financial Instruments: Disclosures) in June 2023

IASB ED/2021/4

IASB Exposure Draft ED/2021/4 Lack of Exchangeability (Proposed amendment to IAS 21)

April 2021
  • Finalised by IASB as Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates) in August 2023
  • Issued by MASB as Lack of Exchangeability (Amendments to MFRS 121 The Effects of Changes in Foreign Exchange Rates) in September 2023

IASB ED/2023/3

IASB Exposure Draft IASB/ED/2023/3 International Tax Reform—Pillar Two Model Rules—Proposed amendments to the IFRS for SMEs Standard

June 2023
  • Finalised by IASB as International Tax Reform—Pillar Two Model Rules (Amendments to the IFRS for SMEs Standard) in September 2023
  • Issued by MASB as International Tax Reform—Pillar Two Model Rules (Amendments to the Malaysian Private Entities Reporting Standard) in October 2023

IASB ED/2019/7

IASB Exposure Draft ED/2019/7 General Presentation and Disclosures

December 2019
  • Finalised by IASB as IFRS 18 Presentation and Disclosure in Financial Statements in April 2024
  • Issued by MASB as MFRS 18 Presentation and Disclosure in Financial Statements in June 2024

IASB ED/2021/7

IASB Exposure Draft ED/2021/7 Subsidiaries without Public Accountability: Disclosures

July 2021
  • Finalised by IASB as IFRS 19 Subsidiaries without Public Accountability: Disclosures in May 2024
  • Issued by MASB as MFRS 19 Subsidiaries without Public Accountability: Disclosures in July 2024
IASB ED/2023/2 IASB Exposure Draft IASB/ED/2023/2 Amendments to the Classification and Measurement of Financial Instruments (Proposed amendments to IFRS 9 and IFRS 7) March 2024
  • Finalised by IASB as Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures) in May 2024
  • Issued by MASB as Amendments to the Classification and Measurement of Financial Instruments (Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures) in July 2024
IASB AI/ED/2023/1 Exposure Draft IASB/AI/ED/2023/1 Annual Improvements to IFRS Accounting Standards—Volume 11 September 2023
  • Finalised by IASB as Annual Improvements to IFRS Accounting Standards—Volume 11 in July 2024
  • Issued by MASB as Annual Improvements to MFRS Accounting Standards—Volume 11 in September 2024
IASB ED/2024/3 IASB Exposure Draft IASB/ED/2024/3 Contracts for Renewable Electricity (Proposed amendments to IFRS 9 and IFRS 7) May 2024
  • Finalised by IASB as Contracts Referencing Nature-dependent Electricity (Amendments to IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures) in December 2024

  • Issued by MASB as Contracts Referencing Nature-dependent Electricity (Amendments to MFRS 9 Financial Instruments and MFRS 7 Financial Instruments: Disclosures) in February 2025