The Malaysian Financial Reporting Standards (MFRS)

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Overview of MFRS

The Malaysian Financial Reporting Standards (MFRS) framework was introduced by the Malaysian Accounting Standards Board (MASB) and came into effect on 1 January 2012.

It is fully compliant with the International Financial Reporting Standards (IFRS) framework, which enhances the credibility and transparency of financial reporting in Malaysia.

The adoption of the MFRS framework was a significant milestone for the capital market. Entities can now assert that their financial statements are in full compliance with the IFRS. 

However, the introduction and implementation of major new standards brings with it its own set of challenges.  

PwC is committed to working with you to provide practical application guidance in implementing these standards. Our continued conversations with regulators and industry experts allow us to bring the right insight and experience to help you stay up-to-date with the changes.


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Contact us

Ong Ching Chuan

Financial Services Leader and Assurance Partner

Tel: +6 (03) 2173 0550

Elaine Ng

Risk Assurance Services Leader

Tel: +60 (3) 2173 1164

Herbert Chua

Assurance, Principal

Tel: +60 (3) 2173 0649

Tay Choon Ling

Assurance Executive Director

Tel: +60 (3) 2173 0558

Mahesh Ramesh

Assurance Principal

Tel: +60 (3) 2173 0814

Michelle Chang

Assurance Executive Director

Tel: +60 (3) 2173 0513

Michelle Loh

Assurance Executive Director

Tel: +60 (3) 2173 0858

Kuan Sook Fern

Assurance Executive Director

Tel: +60 (3) 2173 1060

Foo Wee Liam

Assurance Executive Director

Tel: +60 (3) 2173 0620

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