IFRS 17 Accounting in Malaysia: Transformations and Complexities
Introduction International Financial Reporting Standard 17 (IFRS 17), “Insurance Contracts,” represents a seismic shift in how insurance entities account for their contracts worldwide. Adopted in Malaysia as Malaysian Financial Reporting Standard 17 (MFRS 17) by the Malaysian Accounting Standards Board (MASB), it became effective on January 1, 2023, replacing the interim MFRS 4. This standard […]
IFRS 17 Accounting in Malaysia: Transformations and Complexities Read More »