SSM introduced a digital submission platform based on the eXtensible Business Reporting Language (XBRL) format in 2018. This submission platform is known as the “Malaysian Business Reporting System” (MBRS) which allows for the annual submission filing of:
– Financial Statements and Reports (FS);
– Annual Return (AR); and
– Exemption Applications (EA) which are related to the FS and AR applications.
All companies incorporated in Malaysia are required to file annual returns and financial statements in XBRL format, except for those which are exempted. The XBRL report has to be prepared in accordance with applicable standards such as Malaysian Financial Reporting Standards (MFRS) Taxonomy or Malaysian Private Entity Reporting Standards (MPERS) Taxonomy. Some companies will file a full set of financial statements in MBRS format, while some others will file only Key Financial Indicators in MBRS format. The filing requirements depend on the type of company and Exemption Application filed.
XBRL Conversion Process Chart
Enquiry for Services
Mail the documents at info@prathamconsult.com
Download the output file (PDF) for verification
Review the file and confirmation
Filing of XBRL document with the Authority
Payment of Fees
XBRL ASSURANCE SERVICES
"Assurance Service" is one of our unique features. Generally the large business houses, which choose to carry In-house or Outsourced XBRL Conversion may feel insecure before uploading on the MBRS portal. Our team act as "THIRD PARTY VALIDATION EXPERTS" and thoroughly Check detailed Tagging and Re-Validate the instance documents provided by the clients, which provides additional assurance to ascertain that all of the requirements are met and the filing is a "ZERO ERROR FILING".
Enquiry for Services
Mail the documents at info@prathamconsult.com
Download the output file (PDF) for verification
Review the file and confirmation
Filing of XBRL document with the Authority
Payment of Fees
Why us
Experienced Team
We hire only seasoned, professionals with relevant experience. Our team members are periodically trained on various aspects related to XBRL, Accounting and Secretarial matters. Each reviewer of XBRL report is having professional degree and experienced in preparing minimum 200 XBRL reports.
Accuracy of Reports
Our service process has in-built preparer-checker mechanism and random audits to ensure that the final XBRL reports are accurate and meets the requirements of the Statute and customer’s expectations. Our processes are certified for ISO Quality Standards.
Customer Satisfaction
Our vision is to ensure our customers are satisfied with our services and will not be reluctant to use our services again or refer us to their network. Further to be noted that client needs to pay us only after completion of service.
Data Security
We strictly adhere to regulations related to secure handling of client data. All data are hosted in a secure server. We audit our process periodically for data security and are certified with ISO.
Quick Turnaround
Sometimes customers need the XBRL report within a very short time or sometimes it could be few weeks. Our service delivery model is flexible enough to meet these requirements in a Cost effective manner.
Cost Effective
Our main focus is to provide Cost Effective services without downgrading tagging quality. Further there are no hidden charges – charges are not dependent on file size.