Why Should Top Auditing Firms Work with DataTracks for MBRS / XBRL Preparation in Malaysia?

Preparing and filing annual financial statements in XBRL format to submit with SSM is a relatively new concept in Malaysia. With XBRL filing still in the voluntary phase, several auditing firms and other companies in Malaysia feel overwhelmed with the MBRS filing process. With so much already on their plate, auditors have the added burden of getting fluent with Malaysia’s evolving taxonomy and complying with SSM requirements. The solution? Outsourcing your XBRL preparation to a trusted vendor like DataTracks! But why DataTracks? Let’s find out!

DataTracks: Helping You Prepare Compliance XBRL / MBRS Reports

DataTracks is a global leader in offering regulatory reporting solutions. With an experience of more than 17 years, the company has successfully prepared compliance reports for regulators in various regions like Singapore, South Africa, the EU, Malaysia, etc.

The following are some of the best-in-class features of DataTracks, making it your best choice for XBRL filing.

1. Commendable Track Record

With an extensive experience of more than 17 years, DataTracks offers error-free XBRL conversion and reporting services for regulators all around the world. Since its inception in 2005, the company has prepared over 220,000 compliance reports for more than 21,500 clients. 

2. Quality Services

The company never compromises the quality of the output. The quality services offered by DataTracks can help auditing firms free up their time to focus on their core auditing activities. Moreover, DataTracks is certified for ISO 9001:2015 for quality management by TUV SUD of Germany.

3. Data Security

Worried about the security of your financial data? Not anymore! DataTracks has full security measures in place to protect your data from theft and fraud. It is certified for ISO 27001:2013 for information security management by TUV SUD of Germany.

4. Expertise in Accounting

DataTracks has a team of financial experts with an in-depth understanding of Malaysian accounting standards and SSM taxonomy. Our experts will prepare reports consistent with your books even when your reports include a million pieces of data. So you can rest assured of receiving error-free reports in time, every time.

5. Easy Access to Reports

DataTracks offers complete XBRL conversion services and easy access to the final generated reports. You must sign up, activate your account, and input your annual financial statement. The DataTracks experts will fill in the templates, upload them on the mTool, and generate XBRL reports. Once the reports are ready, you will receive an email regarding the same. Next, you can download your XBRL output from your user account.

Prepares XBRL Reports for Top Auditing Firms

DataTracks prepares compliant reports for top auditing firms in Singapore, South Africa, the UK, and more. The company has also worked with several auditing firms in Malaysia during the voluntary phase to convert financial statements to XBRL and comply with SSM.

So if you are looking for an XBRL partner for your auditing firm in Malaysia, DataTracks can be your ideal choice! For further queries, you can get in touch with an expert @ +60-392-126-125 or send an email to enquiry@datatracks.my.   

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