Malaysia legislation
Section 2
Section 2
The Financial Reporting Act 1997 [Act 558], which is referred to as the “principal Act” in this Act, is amended in section 2—
(a)
in the definition of “approved accounting standards”—
(i)
in paragraph (a), by substituting for the words
“paragraph 7(1)(a)” the words “paragraph 7(1A)(a)”;
and
Act A1427
FINANCIAL REPORTING (AMENDMENT) ACT 2012
(ii)
in paragraph (b), by substituting for the words
“paragraph 7(1)(b)” the words “paragraph 7(1A)(b)”;
(b)
by inserting after the definition of “approved accounting standards” the following definition—
‘ “Audit Oversight Board” means the Audit Oversight
Board established under section 31C of the Securities
Commission Act 1993 [Act 498];’; and
(c)
in the definition of “issues bulletin”, by substituting for the words “subsection 7(1)” the words
“subsection 7(1A)”.
Substitution of section 4