FRS in Malaysia - How do they compare with IFRS?

The following document is applicable to public entities and entities which are subsidiaries / associates / jointly controlled by an entity which is required to prepare / lodge any financial statements under any law administered by Securities Commission or Bank Negara Malaysia. It compares the Financial Reporting Standards ("FRS") issued by the Malaysian Accounting Standards Board with the International Financial Reporting standards ("IFRS") that are applicable for entities with financial period beginning on/after 1 January 2009. This includes updates up to 31 December 2009.