Small and medium-sized enterprises (SMEs) play a major role in Malaysia’s economy. As such, strong financial reporting procedures are crucial for SMEs to improve transparency, secure funding, and maintain regulatory compliance in order to promote sustainable development.
As an advocate for excellence in SME reporting, the Malaysian Institute of Accountants (MIA) is organising the MPERS and SME Financial Reporting Conference 2025 at Wyndham Grand Bangsar, Kuala Lumpur on 27 August 2025, to explore the updates and reviews to the IFRS for SMEs that are expected to significantly impact SME financial reporting.
Accountants and auditors of SMEs are encouraged to attend this Conference to gain familiarity with these updates, that may eventually be reflected in the Malaysian Private Entities Reporting Standards (MPERS).
Following are the key session highlights scheduled for the Conference:
Changes in the Third Edition of the IFRS for SMEs Accounting Standard: Impact on MPERS
The Third Edition of the IFRS for SMEs Accounting Standard, published by the International Accounting Standards Board (IASB), includes significant changes meant to bring SME financial reporting in line with changing international financial reporting standards and practices.
Participants will gain an understanding of the prospective changes aimed at enhancing SME financial reporting within the framework of international financial reporting standards and practices.
Aligning IFRS for SMEs Section 23 and IFRS 15: Updates and Impacts
The recent alignment of Section 23 (Revenue) in the IFRS for SMEs with IFRS 15 Revenue from Contracts with Customers marks a significant shift in SME revenue recognition.
This session highlights the findings from the fieldwork on the requirements for revenue proposed by the IASB in its Third Edition of the IFRS for SMEs Accounting Standard.
Impact of Climate Related Considerations on Financial Statements Prepared Under the IFRS for SMEs Accounting Standard
Explore the impact of climate-related matters on financial statements prepared in accordance with the IFRS for SMEs Accounting Standard, focusing on the integration of environmental, social, and governance (ESG) disclosures. This panel session introduces the Simplified ESG Disclosure Guide (SEDG) for SMEs within supply chains. While SMEs are not mandated to include climate reporting as part of their value chain, they are strongly encouraged to adopt sustainability reporting practices.
Understanding Section 11 – Financial Instruments for SMEs
Updates to Section 11 Financial Instruments in the IFRS for SMEs Accounting Standard reflect targeted improvements aligned with IFRS 9. This session discusses the removal of the IAS 39 option, a new classification approach aligned with real-world SME financial instruments, practical effects of the retained incurred loss model, and hedge accounting rules.
Introducing the New Section 12 – Fair Value Measurement
Participants will get an in-depth look at the new Section 12, Fair Value Measurement, focusing on the IASB’s enhancements to fair value measurement, disclosure and guidance in alignment with IFRS 13. Insights will be shared on guidance consolidation, fair value hierarchy principles and revised disclosure requirements to enhance transparency and consistency.
MBRS 2.0 Compliance: Submission Requirements and Common Errors
Effective 25 September 2024, companies must prepare, validate and upload Annual Returns, Financial Statements and Reports, and Exemption Applications in XBRL format via the MBRS 2.0 platform. This session explains responsibilities related to MBRS submission and highlights common mistakes to avoid.
As part of the MIA’s continuous efforts to upskill our members, we are pleased to offer an exclusive RM150 discount for the upcoming MPERS and SME Financial Reporting Conference 2025. This special offer is available exclusively to MIA Members and Member Firms.
Don’t miss this opportunity to enhance your knowledge and stay up to date with the latest developments in MPERS and SME financial reporting.
Please click here for more information on the MPERS and SME Financial Reporting Conference 2025.
