The reporting of retirement benefits prior to MASB 29
Malaysia currently released its standard on retirement benefits, MASB 29 which will be effective on January lSt, 2003.Recent Enron scandal involving dubious employee benefits schemes has made a new wake up call on auditors and related to how companies disclose their retirement benefits.This study pr...
| Main Authors: | , , |
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| Format: | Monograph |
| Language: | English English |
| Published: |
Universiti Utara Malaysia
2004
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/4395/1/Mohd_Sh.pdf https://repo.uum.edu.my/id/eprint/4395/3/1.Mohd%20Syahrir%20Hj%20Rahim.pdf |
| _version_ | 1825740312348196864 |
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| author | Rahim, Mohd Syahrir Md Yusof, Mohd 'Atef Ismail, Mohamad Sharofi |
| author_facet | Rahim, Mohd Syahrir Md Yusof, Mohd 'Atef Ismail, Mohamad Sharofi |
| author_sort | Rahim, Mohd Syahrir |
| collection | UUM |
| description | Malaysia currently released its standard on retirement benefits, MASB 29 which will be effective on January lSt, 2003.Recent Enron scandal involving dubious employee benefits schemes has made a new wake up call on auditors and related to how companies disclose their retirement benefits.This study provide insights to practise of retirement benefits by Kuala Lumpur Stock Exchange (KLSE) Composite Index companies prior to MASB 29.In addition, this study looks into the readiness of Malaysian companies of IAS 19 (the former Malaysian approved accounting standard) which would provide early signal of Malaysian
companies' awareness on retirement benefits disclosure since there is no material difference between those two standards.Results using KLSE composite index companies show that disclosures of retirement benefits in Malaysia are still inadequate with current requirements of MASB 29 or IAS 19. Retirement benefits are normally a Defined Benefits (DB) or a Defined contributions (DC).Most of the companies with a DB plan were under funded, thus raise the question of how these companies would finance its plan in near future since it involve future cash flow. |
| first_indexed | 2024-07-04T05:24:57Z |
| format | Monograph |
| id | uum-4395 |
| institution | Universiti Utara Malaysia |
| language | English English |
| last_indexed | 2024-07-04T05:24:57Z |
| publishDate | 2004 |
| publisher | Universiti Utara Malaysia |
| record_format | eprints |
| spelling | uum-43952016-12-06T07:10:27Z https://repo.uum.edu.my/id/eprint/4395/ The reporting of retirement benefits prior to MASB 29 Rahim, Mohd Syahrir Md Yusof, Mohd 'Atef Ismail, Mohamad Sharofi HD61 Risk Management HF5601 Accounting Malaysia currently released its standard on retirement benefits, MASB 29 which will be effective on January lSt, 2003.Recent Enron scandal involving dubious employee benefits schemes has made a new wake up call on auditors and related to how companies disclose their retirement benefits.This study provide insights to practise of retirement benefits by Kuala Lumpur Stock Exchange (KLSE) Composite Index companies prior to MASB 29.In addition, this study looks into the readiness of Malaysian companies of IAS 19 (the former Malaysian approved accounting standard) which would provide early signal of Malaysian companies' awareness on retirement benefits disclosure since there is no material difference between those two standards.Results using KLSE composite index companies show that disclosures of retirement benefits in Malaysia are still inadequate with current requirements of MASB 29 or IAS 19. Retirement benefits are normally a Defined Benefits (DB) or a Defined contributions (DC).Most of the companies with a DB plan were under funded, thus raise the question of how these companies would finance its plan in near future since it involve future cash flow. Universiti Utara Malaysia 2004 Monograph NonPeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/4395/1/Mohd_Sh.pdf application/pdf en https://repo.uum.edu.my/id/eprint/4395/3/1.Mohd%20Syahrir%20Hj%20Rahim.pdf Rahim, Mohd Syahrir and Md Yusof, Mohd 'Atef and Ismail, Mohamad Sharofi (2004) The reporting of retirement benefits prior to MASB 29. Project Report. Universiti Utara Malaysia, Sintok. (Unpublished) http://lintas.uum.edu.my:8080/elmu/index.jsp?module=webopac-l&action=fullDisplayRetriever.jsp&szMaterialNo=0000221694 |
| spellingShingle | HD61 Risk Management HF5601 Accounting Rahim, Mohd Syahrir Md Yusof, Mohd 'Atef Ismail, Mohamad Sharofi The reporting of retirement benefits prior to MASB 29 |
| title | The reporting of retirement benefits prior to MASB 29 |
| title_full | The reporting of retirement benefits prior to MASB 29 |
| title_fullStr | The reporting of retirement benefits prior to MASB 29 |
| title_full_unstemmed | The reporting of retirement benefits prior to MASB 29 |
| title_short | The reporting of retirement benefits prior to MASB 29 |
| title_sort | reporting of retirement benefits prior to masb 29 |
| topic | HD61 Risk Management HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/4395/1/Mohd_Sh.pdf https://repo.uum.edu.my/id/eprint/4395/3/1.Mohd%20Syahrir%20Hj%20Rahim.pdf |
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