Malaysian accounting board on track to meet IFRS deadline

MASB is on track to meet the 1 January 2012 deadline for local accounting standards converge with the International Fiancial Report Standard.


More of the key IFRS standards have been adopted by MASB except IAS 39 is 1 January 2010 & IAS 41 should be adopted by 1 January 2012.

With the convergence, Malaysia's financial  reporting standards in next few year will be in line with IFRS, both in content and timing of implementation.
Extract from Business Times