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Include Left Circulars & Resources
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34/2012: Invitation to MASB Briefing: Financial Reporting Framework for Private Entities |
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34/2012 |
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20 Jun 2012 |
Circular 34/2012 |
TO ALL ACCOUNTANTS
INVITATION TO MASB BRIEFING: FINANCIAL REPORTING FRAMEWORK FOR PRIVATE ENTITIES
We refer to MASB's publication on ‘Request for Views on Private
Entities, the Way Forward' that aims to seek views from
interested parties about the future financial reporting
framework for private entities in Malaysia. The deadline for
submission is 29 June 2012.
The MASB is considering the possibility of replacing the current
Private Entity Reporting Standards (PERS Framework) with a new
set of standards in 2015 with an effective date of 2016. In the
interim, the MASB will consider reviewing the current PERS
Framework if there are areas that need immediate improvement or
amendment so as to mitigate the increasing concerns about the
gap between the Malaysian Financial Reporting Standards (MFRS)
and PERS. Members’ views are required in the following areas:
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whether the plan being considered by the MASB is in the best
interest of financial reporting for private entities; |
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whether any immediate changes are required in the current PERS
Framework if private entities continue to apply it until 2015; |
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which set of accounting standards would be suitable for
private entities post-2015; and |
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the expected time and effort involved in transitioning to the
new financial reporting framework. |
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In a move to enhance members’ understanding on the various
financial reporting framework options for private entities, a
briefing by the MASB has been arranged.
The details of the Briefing are as follows
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Date |
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28 June 2012, Thursday |
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Time |
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10.00 am – 12.00 pm |
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Venue |
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MASB Boardroom
Suite 5.02, Level 5, Wisma UOA Pantai
11 Jalan Pantai Jaya
59200 Kuala Lumpur |
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Programme |
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10.00 am – 11.30 am Briefing by MASB
11.30 am – 12.00 pm Questions & Answers (Q&A) |
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As the MASB Boardroom can only accommodate a maximum of 30
persons, only one participant per organisation is permitted and
confirmation of registration is on a first-come first-served
basis.
In the event you are unable to register to attend the Briefing
in person, you may join the Briefing via the MASB live webcast.
For more information on the live webcast, please visit the MASB
website at www.masb.org.my.
If you would like to participate in the Briefing, please
complete and send the Reply Form attached in this circular to
us. Please indicate whether you would like to attend in person
or participate in the Briefing via the live webcast from your
home/office or from the MIA’s Orchid Room.
HO FOONG MOI (MS)
Acting Chief Executive Officer
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Description |
: Reply Form |
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Format |
: MS WORD |
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Size |
: 28KB |
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Right click
HERE
and select 'Save Target As' to download the document. |
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