In 2018, Malaysia introduced the Malaysian Business Reporting System (MBRS), simplifying the online submission of Financial Statements, Annual Returns, and Exemption Applications to Suruhanjaya Syarikat Malaysia (SSM).
Fast-forward to the last quarter of 2024 — MBRS 2.0 is about to roll out its final phases, bringing with it, a major shift. All companies must now submit final signed, audited, and unaudited financial statements in eXtensible Business Reporting Language (XBRL) format, setting a new standard for data accuracy and transparency in financial reporting.
As these changes take effect, understanding MBRS 2.0 is essential as non-compliance can lead to penalties and submission delays. Is your company prepared for this new reporting era?
Read our report to find out more about:
Why MBRS 2.0 matters for businesses
What you need to know about the big change
How to be prepared for MBRS 2.0 with BoardRoom
How BoardRoom can support your MBRS 2.0 transition
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