XBRL Conversion Service - How it Works?

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 Service Process

Sign in or Sign up

Upload the documents

Download the output file (PDF) for verification

Review the file and confirmation

Filing of XBRL document with the Authority

Payment of Fees

or

Enquiry for Services

Mail the documents at info@xbrlexperts.net

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@xbrlexperts.net

Download the output file (PDF) for verification

Review the file and confirmation

Filing of XBRL document with the Authority

Payment of Fees

Why XBRL Experts?

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.

Sign in or Sign up

Upload or mail the documents

Download the Output file when ready

File with the Authority

Payment of Fees