Extent of IFRS application Status Additional Information
IFRS Standards are required for domestic public companies tick Public companies are required to use the MFRS Framework, which is substantively equivalent to IFRS Standards.
IFRS Standards are permitted but not required for domestic public companies
IFRS Standards are required or permitted for listings by foreign companies tick Permitted.
The IFRS for SMEs Standard is required or permitted tick SMEs are permitted to use the Malaysian Private Entities Reporting Standard (MPERS), which is substantively equivalent to the IFRS for SMEs Standard except for the requirements for property development activities plus some terminology changes.
The IFRS for SMEs Standard is under consideration
Last updated:
08 February 2017
Last updated:
08 June 2015
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