IFRS services
More than 100 countries on all five continents require or permit the use of IFRS. Major economies in Asia-Pacific, North America and Latin America have set out a time line towards the full adoption of IFRSs.
On 1 August 2008, the Financial Reporting Foundation (FRF) and Malaysian Accounting Standards Board (MASB) announced their plan to bring Malaysia to full convergence with IFRS by 1 January 2012.
Malaysian companies should consider:
- First annual set of IFRS account - December 31, 2012
- Comparative information to be translated - year to December 31, 2011
- Opening balance sheet required - January 1, 2011 (effectively December 31, 2010)
- Using a gradual strategy, some IFRS should be implemented in the current year.
Whether you are already compliant or planning to adopt IFRS, Mazars can help you.
At Mazars, we developed a comprehensive knowledge of IFRS. Our approach is practical and focused on the substance of the transactions. We always favour the economic view.
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Related content
IFRS conversion - Asia Pacific brochure
Our IFRS Team comprises of Partners and Senior staff members specialising in IFRS and located in offices around the world in Asia Pacific, Europe, South Africa, and the USA.
