Hi everyone!
Do you know that all private entities such as Sdn Bhd companies are now compulsory to follow the MPERS? The Malaysian government has gazetted MPERS in 2016, making it compulsory for businesses doing audited accounts in 2016 onwards to comply with MPERS.
Why MPERS?
MPERS, the new financial reporting framework for private entities that came into force on 1 January 2016, is seen as a vital step in preparing local private companies for globalization as well as the challenges that come with it. MPERS is practically identical to the International Financial Reporting Standards (IFRS) for SMEs set by the International Accounting Standards Board, except for the requirements for those involved in property development activities.
Refer to the document below for more detailed information on MPERS:
Do you know that all private entities such as Sdn Bhd companies are now compulsory to follow the MPERS? The Malaysian government has gazetted MPERS in 2016, making it compulsory for businesses doing audited accounts in 2016 onwards to comply with MPERS.
Why MPERS?
MPERS, the new financial reporting framework for private entities that came into force on 1 January 2016, is seen as a vital step in preparing local private companies for globalization as well as the challenges that come with it. MPERS is practically identical to the International Financial Reporting Standards (IFRS) for SMEs set by the International Accounting Standards Board, except for the requirements for those involved in property development activities.
Refer to the document below for more detailed information on MPERS:
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