Malaysia has officially entered a new era of corporate reporting with the launch of MBRS 2.0. The Companies Commission of Malaysia (SSM) introduced the enhanced Malaysian Business Reporting System on 25 September, making digital submissions mandatory from 1 December.
An interesting recent article in Accountants Today, from the Malaysian Institute of Accountants, looks at the experience of XBRL adoption in Malaysia from an accounting perspective, and how smaller accounting firms could be supported to overcome the key challenges so far.
In the last quarter, we have reported on the Companies Commission of Malaysia (SSM) adopting XBRL for the annual and financial filings of more than one million companies countrywide through the introduction of the Malaysian Business Reporting System (MBRS). At Data Amplified in Dubai this year we heard from Dato’ Zahrah Abd Wahab Fenner, SSM CEO, and […]
Data Amplified this year heard from projects facilitating the on-going and significant expansion of the XBRL standard around the world. Earlier last month we were delighted to see the Companies Commission of Malaysia (SSM) adopting XBRL for the annual and financial filings of more than 1 million companies countrywide through the introduction of the Malaysian Business Reporting System (MBRS).
We are delighted to see SSM, the Malaysian business registrar adopting XBRL for countrywide annual and financial filings this week with the introduction of the Malaysian Business Reporting System (MBRS). This is a major step, facilitating greater transparency and simpler analysis by helping to gather large quantities of high-quality data.
Highlights from this week’s XBRL Asia Round Table included updates from the following regulators: The Malaysian Business Registrar (SSM) is rolling out the Malaysian Business Reporting System (MBRS) later this year. The system initially allows the submission of annual returns, financial statements and exemption statements, all in XBRL format. This is a phased mandate that will […]
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