Brunei Darussalam Accounting Standards Council, BDASC announces that His Majesty the 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 1st January 2018.

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 interest 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 31st December 2016 and may be sent by mail, fax or e-mail as stated.

Source: Radio Television Brunei