XBRL Conversion Services
Turn Your Financial Statements into SSM-Compliant XBRL Format
As part of the Malaysian Business Report System (MBRS) introduced by the Companies Commission of Malaysia (SSM), companies are required to submit financial statements in XBRL (eXtensible Business Reporting Language) format.
At ECOVIS Malaysia, we offer XBRL conversion service to ensure your financial statements are fully compliant and meet the latest SSM taxonomy requirements under:
- MFRS (Malaysian Financial Reporting Standards)
- MPERS (Malaysian Private Entities Reporting Standards)
Related Services
What Documents Must Be Converted to XBRL Format?
Companies are required to prepare and submit certain filings in XBRL format to MBRS. These include submission of:
- Annual Return (AR)
- Financial Statements and Report (FS)
- Exemption Application (EA) related to FS and AR.
How ECOVIS Malaysia’s XBRL Conversion Service Can Help
Shifting to MBRS 2.0 brings challenges, especially for organisations unfamiliar with digital reporting and XBRL-based filing requirements.
Preparing the XBRL file for financial statements involves:
- Identifying and tagging financial and non-financial information from signed and audited FS
- Mapping data accurately to the corresponding element labels within the MBRS Taxonomy
- Leveraging expertise for cost savings and efficiency
Many organisations lack in-house expertise or resources to manage this transition smoothly. Outsourcing the XBRL conversion and submission process can be a cost-effective, efficient solution, allowing you to focus on your core business operations while ensuring compliance.
