In Malaysia, companies are required to prepare their financial statements in accordance with one of two main accounting frameworks: Malaysian Financial Reporting Standards (“MFRS”) or the Malaysian Private Entities Reporting Standard (“MPERS”).

MFRS is adopted by public interest entities and is closely aligned with the International Financial Reporting Standards (“IFRS”), making it suitable for listed companies and those with global operations. 

MPERS, is tailored for private entities and offers a simplified, principles-based approach aligned with IFRS for SMEs, making it ideal for companies that are not publicly accountable.

At ECOVIS Malaysia, our team of experienced professionals is well-versed in both MFRS and MPERS frameworks. We provide end-to-end support in preparing and reviewing financial statements, ensuring compliance, accuracy, and quality in every engagement. Whether you are transitioning between frameworks or looking to strengthen your reporting process, we are here to help you navigate the complexities with confidence.