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XBRL and the Future of Regulatory Compliance in Singapore

With the emergence of other technologies that can be integrated with XBRL, the future of this financial reporting format looks bright!

Tips to Choose the Right XBRL Service Provider for Singapore…

Choosing the right XBRL service provider for your business is essential to ensure data accuracy. Lea

Best Practices for Data Security in XBRL Reporting with ACRA

Filing reports in the digital XBRL format can increase the chances of data theft and fraud. Here are

Ways to Ensure Information Security When Filing XBRL Reports with…

Ways to Ensure Information Security When Filing XBRL Reports with ACRA The digitisation of businesse

ACRA’s Data Privacy Requirements for XBRL Reporting

Companies must follow some data privacy practices while doing XBRL reporting with ACRA. Here’s wha

ACRA Accountants Act: Regulatory Reforms 2022

ACRA Accountants Act: Regulatory Reforms 2022 The ACRA Accountants Act 2022 is the primary legislati

Impact of ACRA’s Free Business Profile Provision

ACRA offers the free Business Profile to all newly registered/incorporated entities. Find out what i

XBRL: Improving Data Quality and Transparency in Singapore’s Financial Sector

XBRL is an effective tool to improve data quality and promote transparency for businesses in Singapo

XBRL and its Benefits for Businesses in Singapore

XBRL and its Benefits for Businesses in Singapore The Accounting and Corporate Regulatory Authority

Here’s How You Can Evaluate an XBRL Service Vendor for…

Wondering how to choose the right XBRL service provider? Here’s a guide to help you evaluate an XB

ACRA Updates the BizFinx Preparation Tool and Multi Upload Tool

ACRA has released version 3.4 of the BizFinx Preparation Tool and the Multi-Upload Tool. Find out th

Importance of PDPA Compliance in Singapore for Preparing XBRL Reports

Importance of PDPA Compliance in Singapore for Preparing XBRL Reports With the rapid growth of digit

Disclosing Financial Statements to External Vendors: Is It Vulnerable?

Disclosing Financial Statements to External Vendors: Is It Vulnerable? The Accounting and Corporate

Outsourcing XBRL Services to External Vendor: Yes or No?

Outsourcing XBRL services to external vendors is increasingly gaining importance for the companies i

2022 Guide for Audit Committees in Singapore

The audit committee’s role in improving trust and transparency is more critical than ever. Here’

Impact of Singapore Budget 2022 on the Finance Industry

The Finance Minister of Singapore unveiled the budget on 18 February 2022. Understand the impact of

ACRA Public Advisory – How to Stay Away from Scams

The Singapore police have recently encountered Singpass login frauds. Here are some security practic

ACRA IRAS Initiative for Seamless Filing in Singapore

Preparing and filing financial statements and tax returns manually is not ardous task anymore becaus

Common Mistakes to Avoid While Filing Financial Statements in XBRL…

Errors in financial statements can be detrimental to the company. Avoid these common mistakes in XBR

ACRA’s Late Filing Penalties Now Up to S$600 from Jan…

Timely submission of annual lodgements is more critical than ever since ACRA has revised the late fi

Role of Company Secretary in XBRL Filing

A company secretary is essential for any Singapore company. They play a vital role in the XBRL filin

Achievement of XBRL Application in the Aviation Industry in Singapore

XBRL has been a breakthrough for financial reporting in various industries in Singapore. And the avi

The Role of XBRL in Overcoming Challenges of Big Data

Today, big data has become the buzzword that rules every organization. And to manage and analyze thi

Should Small Companies in Singapore Choose to Outsource XBRL?

In view of the cost involved and the expertise required, should small companies in Singapore choose

Understand the Different XBRL Types – Simplified, Full, and Statement…

Understand the Different XBRL Types - Simplified, Full, and Statement Highlights XBRL

Guide to Preparing XBRL Financial Statements via BizFinx

Almost every company in Singapore is required to submit their XBRL FS with ACRA. One way to do it is

A Step by Step Guide to Registering Your Business in…

Any and every business in Singapore must register itself with ACRA to enjoy certain benefits in the

Financial Reporting Tips for Accounting Firms

With an increase in the challenges of financial reporting, the need for effective practices is on a

Accounting & Financial Reporting Tips for Big Data Companies in…

Accounting & Financial Reporting Tips for Big Data Companies in the Face of Digital Disruption D

Role of Cybersecurity in XBRL

The role of cybersecurity in XBRL for the financial sector can’t be underestimated. It helps safeg

From Accounting, Bookkeeping to XBRL – Streamline Your Financial Reporting

As a business owner, you may have overcome the challenges of streamlining your financial reporting a

What the IT Sector Must Know about Financial Reporting

If you are running an IT company or have just started one, you should know about financial reporting

Financial Reporting Surveillance Program by ACRA

In its efforts to build trust in the capital market and further streamline the process, ACRA has int

Is Your Business Set Up for XBRL Filing? Here’s What…

Is Your Business Set Up for XBRL Filing? Here’s What You Need All companies listed in Singapore mu

How to Correct an Error in Your XBRL Financial Statements…

How to Correct an Error in Your XBRL Financial Statements with ACRA:The financial statements dis

ACRA’s Requirements for Limited Liability Partnerships That Accountants Must Know

From registering a name to commencing operations, there are several requirements involved in forming

How to Manage Multiple Accounts While Working Remotely?

COVID-19 has surely made it challenging for leaders to manage, organize, and train employees remotel

Ways Accounting Firms Can Leverage Financial Data in the XBRL…

Preparing, reporting, exchanging, consuming, and analyzing financial statements has always been the

What Happens If You Don’t Submit Your XBRL Financial Statements…

Since the introduction of XBRL, all Singapore-based companies are required to file financial stateme

3 Things You Need to Know About XBRL Filing with…

3Vital Things You Need to Know About ACRA XBRL Filing Every year, incorporated companies based in Si

Penalty Framework for Annual Lodgments Revised – Here’s What You…

With effect from April 30th 2021, ACRA will be changing the late penalty framework for annual lodgme

What Does ACRA Say About the Directors’ Duties Concerning Financial…

More specifically, over the past decade, businesses have been facing several challenges when it come

Who has to File Financial Statements in the XBRL Format…

XBRL is all about simplicity and transparency. Since 1 November 2007, Singapore-incorporated compa

The Guide to Plan Your Post Covid-19 XBRL Filings with…

The pandemic’s impact seems to be interminable, without any signs of elapsing in the near future.

XBRL Filings Amid Covid-19: Considerations for Your Upcoming Annual Filing!

ACRA has laid down several revised filing requirements due to Covid-19, which is why business organi

The 2020 XBRL Taxonomy from ACRA: What You Need to…

XBRL taxonomy is, in simple words, a guide used to prepare XBRL financial reports. The ACRA taxonomy

Outsourcing XBRL: The Error-less Way of Filing Financial Statements with…

The high costs perceived with preparing XBRL filings to ACRA has caused a stir yet again. Amid the p

Monetary Authority of Singapore (MAS) to Boost Digital Adoption of…

In light of this, the Monetary Authority of Singapore (MAS) has announced a massive S$35 million gra

Simplified XBRL or Full Set Financials in XBRL! Which one…

Every Singapore-based company is required, by law, to submit their financial statements in the XBRL

ACRA – Longer Time for Filing and No Imposition of…

Due to the closing of the financial year, the ACRA portal has been facing many users. This has led t

Holding Annual General Meetings: A Mandatory Compliance – ACRA

Every Singapore based company is required to hold an Annual General Meeting (AGM). It is a meeting w

Preparing XBRL for ACRA Compliance In-house. Is It Worth Your…

The new financial reporting format from ACRA comes with a complex set of taxonomies and regulations

3 Tips to Manage Your XBRL Reporting & Filing with…

ACRA, the regulating body of financial reporting in Singapore, continuously changes and updates the

ACRA’s Enforcement Action for Annual Return Filing Breaches That You…

All Singapore incorporated companies are required to file their annual returns on time. Failure to c

4 Common Challenges in Preparing Financial Statements in the XBRL…

Even though XBRL is an interactive digital tagging system for financial reporting, companies continu

A Glimpse of Changes and Updates to BizFinx Portal

BizFinx tool is an online software introduced by ACRA for companies to file XBRL financial statement

XBRL Filing with ACRA for Dormant companies

All companies, whether private, limited, or dormant, must comply with the ACRA requirements. This me

How is XBRL Document File Prepared for Filing with ACRA?

Companies have multiple options when it comes to filing financial statements in the XBRL format. The

Revised XBRL Filing Requirements by ACRA Available for Voluntary Adoption…

The Accounting and Corporate Regulatory Authority (ACRA) continuously tries to streamline the XBRL f

Outsourcing XBRL Conversion is the Smartest Decision for Your Business…

Outsourcing your XBRL conversion services takes away the need for your constant involvement, but the

COVID 19 Effect : ACRA Extends AGMs and Annual Returns…

ACRA has appropriated a 60-day extension period for companies, listed and non-listed, that were to h

Top 6 Factors You Should Consider when Hiring an XBRL…

Well, one of the fundamental factors to look into while finalizing your XBRL solution provider is th

Coronavirus: Singapore Government Contains Pandemic

Singapore created maximum jobs last year as compared to any other country. Replicating the same perf

When Do they Accept Late Submission without Penalty for ACRA?

A company can be exempted from paying late filing penalties if it lodges the appointment of its CEO

Filing Your Annual Financial Statements in the XBRL Format

Filing your company’s annual financial statements in Singapore’s? Don’t let the term XBRL over

XBRL for Digital Business Reporting

Over the years many digital formats have popped up, but XBRL (eXtensible Business Reporting Language

Deep analysis on genuine errors Or Possible errors during ACRA…

While filing your financial reports in XBRL (eXtensible Business Reporting Language) to The Accounti

XBRL – The Audit Consequences of XML in Financial Reporting

XBRL (Extensible Business Reporting Language) is an open standard which is used for exchanging busin

Vital Changes Which You Need To Know About 2019 IFRS…

A new clarification was included in IAS 28. When a firm is a venture capital or an organization of s

The Significance of Malaysian Business Reporting System

MBRS is an online tool which lets all companies that are based in Malaysia to submit their financial

What is XBRL Filing? Do I Need It?

XBRL is an abbreviation of Extensible Business Reporting Language. It is widely used for presenting

Introduction to Structured Data Standard: XBRL

XBRL is substantially flexible for covering XBRL tags and XBRL taxonomies. Understand more about str

Malaysian Business Reporting System (MBRS) – What you need to…

In Malaysia, all companies (both public and private) need to register themselves with the Malaysian

ACRA simplifies AGM and Annual Returns filing deadlines

The Singapore government is taking several efforts to ensure that doing business in Singapore is com

The growing importance of data analytics for the SEC

On 25 June 2018, the U.S. Securities and Exchange Commission (SEC) published its draft strategic pla

Handling CbCR, and the penalties and impact of non-compliance

Thе BEPS Action 13 report (Trаnѕfеr Pricing Dосumеntаtіоn аnd Country-by-Country Reportin

Exemption rules for filing full XBRL documents with ACRA

All private limited companies in Singapore are required to comply with the regulations set forth by

CbCR Hurdles Faced By Tax Departments

In thе раѕt years, the glоbаl rеgulаtоrу environment has bесоmе increasingly demanding

Impact of IFRS convergence in 2018 on Singapore Companies

Many listed companies in Singapore are not prepared for the approaching International Financial Repo

ACRA enhances corporate transparency; companies must ensure XBRL information is…

ACRA is enhancing corporate transparency by making the business and financial information filed, pub

Major changes and updates in BizFinx Latest release v 2.5.0

BizFinx has released new version (v 2.5.0) of Bizfinx preparation tool based on XBRL 2016 taxonomy a

New board members appointed by ACRA – effective April 1,…

Three new members are appointed to the Accounting and Corporate Regulatory Authority (ACRA) board by

Digital Revolution in Compliance Reporting

Computers revolutionised the world of information decades ago. ‘Interactivity’, however has been

ACRA gets tough on filing quality

Accounting and Corporate Regulatory Authority ACRA announced major policy changes to compel corporat

ACRA drives accurate, high quality financial reporting

The Accounting and Corporate Regulatory Authority (ACRA) is empowered to direct the attention of the

Importance of XBRL Implementation

XBRL (eXtensible Business Reporting Language), as we all know it, is a globally accepted standard fo

XBRL brings accountability and transparency

XBRL (eXtensible Business Reporting Language), a globally accepted standard for exchanging business

The state of the smaller audit firms in Singapore

Larger audit firms were found to have placed a greater emphasis on audit quality along with greater

Are CFOs unhappy about the effectiveness of corporate reporting?

According to a report by advisory firm EY, almost 2 in every 10 CFOs have expressed their apprehensi

Singapore – A Year of XBRL

For XBRL, however, it has been a quiet year. Singapore’s Accounting and Corporate Regulatory Autho

The many faces of XBRL in Singapore

Under ACRA’s mandates, a small percentage of Singapore companies need to file full financial state

DataTracks at XBRL International, Copenhagen

The 28th Annual XBRL International Conference concluded yesterday in Copenhagen, Denmark

The Case for Compliance Automation

With new regulations demanding stricter KYCs for banks and other financial institutions coming in fo

How does XBRL Work?

XBRL, developed by a group of visionary individuals, has slowly but surely transformed the complianc

Regulatory Changes alter Singapore’s Business Compliance Ranking

The Annual Index by TMF Group has ranked 95 countries according to regulatory and compliance regimes

The Third Option – Single click XBRL Generation

The XBRL mandate by Singapore’s Accounting and Corporate Regulatory Authority (ACRA) has seen one

The XBRL Juggernaut – The Role of Singapore’s Regulators

As far as XBRL technology is concerned, Singapore would easily fall in the early adopters bracket.

Preparing XBRL file – In house or Outsource in Singapore

Outsourcing is at the other end of the XBRL filing spectrum. It is a much simpler way to get your XB

XBRL and its Advantages

There are several key advantages of XBRL for various company stakeholders, investors, regulators, an

Effective XBRL Submission for ACRA

Singapore incorporated companies have different requirements for XBRL submission for ACRA. Here’s

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