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MFRS Accounting implications of the Coronavirus (COVID-19)
As Coronavirus is becoming more widespread, it is important that businesses consider the accounting implications as a result of the impact it is having on
MFRS IASB Issues Classification of Liabilities as Current or Non-Current
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS IASB issues Interest Rate Benchmark Reform
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS New annual improvements proposals published
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Proposed amendments to MFRS 17 ‘Insurance contracts’
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Illustrative of Presentation and disclosure of MFRS 16
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. This is the illustrative of previous month's MFRS news on
MFRS Insights into MFRS 16: Presentation and disclosure
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS MASB looks to clarify MFRS 137’s onerous contracts requirements
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Insights into MFRS 16: Lease payments
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Insights into MFRS 16: May 2019
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS MFRS 16: Transition choices
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS MFRS 16: Leases
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS MASB amends its definition of ‘material’
The MASB has issued ‘Definition of Material’ making amendments to MFRS 101 ‘Presentation of Financial Statements’ and MFRS 108 ‘Accounting Policies, Changes in
MFRS Accounting for client money 2018
Our MFRS News series provides insights from our global MFRS team on applying MFRS in challenging situations. Each edition will focus on an area where the
MFRS MFRS 119 ‘Employee Benefits’
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Long-term Interests in Associates and Joint Ventures (Amendments to MFRS 128)
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Prepayment Features with Negative Compensation (Amendments to MFRS 9)
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Annual Improvements to MFRS Standards 2015–2017 Cycle
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS REMINDER: MFRS 9 and MFRS 15
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS REMINDER: MFRS 9 and MFRS 15
MFRS News is your monthly update on all things relating to Malaysian Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide
MFRS Accounting for client money
This edition of MFRS Hot Topics, the term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of
MFRS Cost of a new building constructed on the site of a previous building
This edition of MFRS Hot Topics provides guidance on howIf an entity constructs a new building on the site of a former building, is the carrying value of the
MFRS Prepare for revenue recognition standard with MFRS 15 Contract Review Tool
A single, global converged, principal-based revenue recognition model – MFRS 15 Revenue from Contracts with Customers is effective from 1 January 2018 and it
MFRS Costs of an initial public offering
This edition of MFRS Hot Topics provides guidance on how should the costs of an initial public offering (IPO) that involves both issuing new shares and a stock
MFRS Preparing financial statements when the going concern basis is not appropriate
This edition of MFRS Hot Topics provides guidance on the issues encountered when an entity determines that it is not appropriate to prepare its financial
MFRS Reverse acquisition by a listed company
This issue considers the reverse acquisition by a listed company.
MFRS Inventory discounts and rebates
This issue considers how a purchaser accounts for discounts and rebates when buying inventory.
MFRS Acquisition of investment properties – asset purchase or business combination?
This edition considers whether the purchase of an investment property is accounted for as a business combination or as an asset purchase.
MFRS Related party loans at below-market interest rates
This edition provides a framework for accounting for loans made by an entity to a related party that are at below-market levels of interest.
MFRS Impairment of available-for-sale equity investments
This publication provides guidance on the application of MFRS 139’s impairment rules to investments in equity instruments that are classified as
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Audit Practice Leader Hooi Kok Mun

Kuala Lumpur

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Senior Partner - Audit & assurance, Head of China Business Practice Desmond Tan

Kuala Lumpur

+603 2692 4022

Partner - Audit & assurance Kho Kim Eng

Kuala Lumpur

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Partner - Audit & assurance Lian Tian Kwee

Kuala Lumpur

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Partner - Audit & assurance Steve Ooi

Kuala Lumpur

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Partner - Technical & training Silvia Tan

Kuala Lumpur

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