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MFRS COVID 19: Debt modifications
The COVID-19 global pandemic has resulted in economic consequences that many reporting entities may not have had to previously consider. One of those
MFRS MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’
MFRS 129 ‘Financial Reporting in Hyperinflationary Economies’ requires the financial statements of any entity whose functional currency is the currency of a
MFRS Insights into MFRS 16 - Lease incentives
When accounting for lease incentives in accordance with MFRS 16 ‘Leases’ from a lessee perspective, questions may arise in how to identify a lease incentive
MFRS MASB issues Interest Rate Benchmark Reform Phase 2
The Malaysian Accounting Standards Board (MASB) has published Interest Rate Benchmark Reform Phase 2 (Amendments to MFRS 9, MFRS 139, MFRS 7, MFRS 4 and MFRS
MFRS Amendments to MFRS 17 and MFRS 4
The Malaysian Accounting Standards Board (MASB) has issued Amendments to MFRS 17 'Insurance Contracts' (the Amendments). The MASB also issued an amendment to
MFRS Deferral of effective date of amendments to MFRS 101
The Malaysian Accounting Standards Board (MASB) has issued an amendment to defer the effective date of the ‘Classification of Liabilities as Current or
MFRS COVID 19: Going concern considerations
The impact of COVID-19 is expected to have a significant impact on the going concern assumption for a large number of entities. Some entities which were
MFRS Insights into IC Interpretation 23
Effective for financial years beginning on or after 1 January 2019, IC Interpretation 23 ‘Uncertainty Over Income Tax Treatments’ (‘the Interpretation’)
MFRS MFRS - Alternative performance measures
In this article 'Considerations when preparing financial statements and using alternative performance measures' we set out various ways to enhance
MFRS Events after the reporting period
In accordance with MFRS 110 ‘Events after the Reporting Period’, entities are required to distinguish between subsequent events that are adjusting (ie those
MFRS Five accounting considerations relating to revenue recognition
This article highlights key aspects of MFRS 15 ’Revenue from Contracts with Customers’, that are expected to be particularly relevant during the COVID-19
MFRS COVID-19: Government grants
While many forms of government assistance should be accounted for by applying MFRS 120 ‘Accounting for Government Grants and Disclosure of Government
MFRS COVID 19: Accounting for lease modifications
MFRS 16 contains specific requirements on accounting for lease modifications. Rent concessions that change the overall consideration for the lease are in the
MFRS Impairment of intangible assets and goodwill
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial
MFRS Reporting the impact of COVID-19 on your business
As the impact of a novel strain of coronavirus (COVID-19) continues to unfold around the world, those individuals responsible for preparing financial
MFRS COVID-19: Financial reporting and disclosures
The novel coronavirus (COVID-19) pandemic is spreading around the globe rapidly. The virus has taken its toll on not just human life, but businesses
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
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Audit Practice Leader Hooi Kok Mun

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

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Partner - Audit & assurance Kho Kim Eng

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Partner - Audit & Assurance Lian Tian Kwee

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Partner - Audit & assurance Steve Ooi

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