On 16th March 2026, the Myanmar Accountancy Council (“MAC”) issued Notification 19/2026 regarding the adoption of International Financial Reporting Standards (“IFRS”) for Micro, Small and Medium-Sized Entities (“MSMEs”) exercising its authority under Section 17(d) of the Myanmar Accountancy Council Law (“MAC Law”) starting from the financial year 2027-2028. This Notification officially revokes the previous Notification […]