Impact of FRS139’s debut on firms


KUALA LUMPUR: The roll-out of the Financial Reporting Standard 139 (FRS139) on Jan 1 is expected to have significant impact on the performance of Malaysian companies, KPMG Malaysia partner Thong Foo Vung said.

Thong said currently there was no comprehensive accounting standard on financial instruments such as derivatives, loan receivables, bank overdrafts, debt investments and equity investments like bonds.

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