Firms urged to adopt IR standards

Chiam: ‘Globally, many countries have adopted IR standards including Japan, Brazil and South Africa.’

PETALING JAYA: Malaysian companies are encouraged to adopt the integrated reporting (IR) standards, to pave the way for an effective disclosure of non-financial information.

Malaysian Institute of Accountants (MIA) head of capital market and regulatory compliance, professional practices and technical Chiam Pei Pei said that IR provides useful information to stakeholders beyond those that are provided in traditional financial reporting.