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IFRS services


 

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.

First-time Adoption

Mazars has many years of experience in helping clients with their transition from local GAAP to IFRS and in assisting them around the world to provide accurate and meaningful IFRS financial reporting.

IFRS Audit Services

With more than 100 listed clients preparing their financial statements according to IFRS, Mazars has extensive experience in auditing IFRS financial statements. We perform our audits either in jurisdictions in which IFRS is mandatory or permitted for group reporting purposes.

Contacts

Francis Joseph

Francis Joseph

Director – Audit
+603 2161 5222 ext:117

Pascal Jauffret

Pascal Jauffret

Partner, Head of Asia Pacific IFRS Desk
+65 6226 0773

Related content

IFRS conversion for Entities in Asia Pacific

IFRS conversion - Asia Pacific brochure

31 July 2009

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.

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