MFRS9: what to expect from Malaysia’s new accounting standard
Is MFRS9 simply IFRS9 with Malaysian characteristics? CT looks under the bonnet at the new accounting standard.
If Malaysia’s banks and other financial institutions haven’t already switched to Malaysia Financial Reporting Standards 9 (MFRS9), which came into effect on January 1 this year, then they are now in the process of transitioning.
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