XBRL for SSM Filing
Suruhanjaya Syarikat Malaysia (SSM) has introduced a new online submission platform called the Malaysian Business Reporting System (MBRS) that requires all companies to digitally submit their Annual Financial Statements in an XBRL format.
Under the new regulation, all Malaysian incorporated companies and foreign companies registered under Companies Act 2016 will be required to digitally file a full set of financial statements under the MBRS, in XBRL, unless otherwise exempted.
As an XBRL solution provider, we help several Companies, Auditing, and Secretarial firms in Malaysia to successfully convert financial statements into XBRL format to comply with SSM.
With the initiative of MBRS, XBRL filing in Malaysia by SSM, DataTracks with experienced experts in XBRL reporting under both MFRS and MPERS standards, provides you with a fully compliant and 100% error-free XBRL report that will meet the SSM requirements in the voluntary phase and also after the mandate in future.
DataTracks is market-ready and caters to the XBRL needs of Malaysia entities in this voluntary phase from 2018 to till-date. We have also done a few pilot projects for the top accounting firms and companies in Malaysia. We have leveraged the technical skills and global experience to empower our team of experts in understanding and addressing the challenges that come with the conversion of the financial statements in XBRL format for successful filing.