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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!