How far IAS 14 reporting financial information by segment Has been complied with in Malaysia / Ramli Abu Bakar

This study provides empirical evidence on the
extent of compliance by public listed companies in
Malaysia with the provisions of International Accounting
Standard No. 14 " Reporting Financial Information
by Segments ". An analysis of the annual reports of the
79 industrial companies for each of the years 1989 to
1991 was carried out. Financial Controllers and Group
Accountant of such companies were interviewed in order
to give reasons for non-compliance with IAS 14. Although
the degree of compliance has not been encouraging
( only 53 % complied in 1991 ), there has been an
increase in the extent of compliance over the years.
Steps to improve the extent of compliance were explored
by interviewing the Malaysian Institute of Accountants
( MIA ) and the Kuala Lumpur Stock Exchange ( KLSE ).