Malaysia legislation
Section 26A
Section 26A
Other issuing bodies
The Board may grant recognition to other accounting standards issuing bodies if the Board is of the opinion that—
(a)
the accounting standards issuing bodies are of international standing and repute; and
(b)
the accounting standards of the accounting standards issuing bodies are acceptable for the purpose of financial statements which are required to be prepared or lodged under any law administered by the
Securities
Commission, the Central Bank or the Registrar of
Companies by foreign companies listed on a stock exchange in Malaysia.
20
Laws of Malaysia ACT 558
Standards for foreign companies