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Monday, 17 November 2008

FRS 4 to take effect from Jan 2010

MASB today issued 3 new financial reporting standards (FRS) and 2 interpretations relating to financial instruments.

Among which, FRS 4 Insurance Contracts would be of interest to the insurance industry. FRS 7 Financial Instruments Disclosures would be relevant as well.

FRS 4 and FRS 7 will take effect from January 2010.

Source: The Star, MASB

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posted by Teh Loo Hai @ 9:22 PM   0 Comments Links to this post

Monday, 4 August 2008

FRS 139 is in from 1 January 2010

Malaysian Accounting Standards Board (MASB) announced that FRS 139 Financial Instruments: Recognition and Measurement will be effective on 1 January 2010 in Malaysia. By 1 January 2012, Malaysia will also be brought to full convergence with International Financial Reporting Standards (IFRS).

Source: MASB

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posted by Teh Loo Hai @ 2:22 PM   0 Comments Links to this post