MASB Exposure Draft 80 Malaysian Private Entities Reporting Standard (MPERS)

The Malaysian Accounting Standards Board (MASB) has issued MASB Exposure Draft 80 to propose a comprehensive revision to the Malaysian Private Entities Reporting Standard (MPERS). 

This revision aims to bring the MPERS into full alignment with the third edition of the IFRS for SMEs Accounting Standard issued by the IASB in February 2025. Currently, the MPERS is substantively equivalent to the IFRS for SMEs Accounting Standard issued by the IASB in July 2009 (revised in May 2015) except for the requirements on property development activities plus some terminology changes. 

It introduces updates to nearly all sections of the Standard, with significant changes in the following areas:

1. Section 2 Concepts and Pervasive Principles 

2. Section 9 Consolidated and Separate Financial Statements 

3. Section 11 Basic Financial Instruments (renamed Financial Instruments) 

4. New Section 12 Fair Value Measurement 

5. Section 19 Business Combinations and Goodwill

6. Section 23 Revenue (renamed Revenue from Contracts with Customers) 

In addition, the MASB proposes to remove the local guidance on property development activities currently included in Section 34 of MPERS.

The Exposure Draft proposes that the revised version of MPERS is effective for annual reporting periods beginning on or after 1 January 2027. Earlier application permitted.

Invitation to comment 

The Exposure Draft is open for comment until 25 August 2025.

You may provide your comments via email to us at technical@masb.org.my. 

Click here to submit your comments.