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Adoption of BDAS for non-public interest entities in Brunei

BRUNEI Darussalam Accounting Standards Council (BDASC) announced that His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the adoption of Brunei Darussalam Accounting Standards (BDAS) issued by BDASC for all non-public interest entities in Brunei Darussalam, with effect from January 1, 2018, according to a press release.

 The main objective of the standards is to ensure higher level of uniformity and consistency in financial reporting among all non-public interest entities in Brunei Darussalam.

 

Before the adoption of BDAS by all non-public entities in this country, the BDASC would like to seek comments from the public on the Exposure Draft of the BDAS Framework and Standards which has been posted on BDASC’s website at bdasc.org.

 

Comments should be submitted to BDASC on or before December 31, 2016 and may be sent by mail to Brunei Darussalam Accounting Standards Council (BDASC) Secretariat, Revenue Division, Ground Floor, Ministry of Finance, Commonwealth Drive, Bandar Seri Begawan BB3910 or fax 2383932 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

 

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