The Significance of Malaysian Business Reporting System

In Malaysia, all firms (public as well as private) have to register themselves with Suruhanjaya Syarikat Malaysia (SSM), the Malaysian regulator. Its responsibility is to improve and promote the supply of business details and create a facility in which the public can analyze the required corporate information. Starting from November 2018, SSM has made it essential to submit particular reports digitally in XBRL. Such a mandate will enable SSM to instantly analyze the reported data and help investors in Malaysia.