EVENT
Understanding MBRS 2.0 in Malaysia: Compliance & Best Practices
The Suruhanjaya Syarikat Malaysia (“SSM”) is rolling out MBRS2.0 for regulatory filings in phases:
- Phase 1 (1 Dec, 2024): Annual returns, unaudited financial statements, and financial statements for exempt private companies under the Companies Act 2016
- Phase 2 (1 Mar, 2025): Annual returns and financial statements under the Companies Act 1965, and filings for foreign companies
- Phase 3 (1 June, 2025): Audited financial statements
With MBRS2.0, companies are required to convert their financial statements into eXtensible Business Reporting Language (XBRL) format for regulatory filings. This shift to digital reporting streamlines submission processes, reduces the risk of errors and delays, and improves the accuracy of financial data.
To help businesses in Malaysia navigate these regulatory changes, our financial reporting experts hosted this webinar to provide practical guidance on MBRS 2.0 compliance.
Webinar highlights:
- MBRS 2.0 Overview: Key developments and compliance requirements in MBRS
- XBRL Compliance Best Practices: Practical insights from our financial reporting experts, who have been handling XBRL compliance for clients
- Three-Step Approach to MBRS 2.0 Compliance: Our structured approach to help businesses transition effectively
If you require assistance in XBRL conversion for MBRS2.0 financial reporting or submission, drop us an email today.
Speakers
Eunice Hooi
Managing Director Asia, Accounting & Tax,
BoardRoom Group
Eunice is a Chartered Accountant and Accredited Tax Advisor with more than 25 years of extensive tax and transfer pricing experience across diverse industries in the Asia Pacific and Middle East regions, including IT, manufacturing, commodity trading, petrochemical, as well as oil and gas. She has built and led high-performing teams, overseeing tax and custom functions, including special corporate projects and initiatives.
She is an Executive Council member of the Asia Estate Planning Association (AEPA) in Singapore. Beyond her corporate role, Eunice contributes to education as an Associate Lecturer at a local university and private education institutions in Singapore.
Yang Shuzhen,
Director of Regional Accounting Services,
BoardRoom Group
Shuzhen has over 19 years of professional experience, possessing extensive knowledge in the financial reporting requirements of various industries for both public listed and private limited companies. At Boardroom, she serves as the appointed subject matter expert for accounting and is actively engaged in the review of business models and costings, as well as development and review of business processes, financial policies, and procedures. She ensures compliance with statutory and regulatory requirements.
In her regional capacity, Shuzhen assists clients with both local and global reporting, managing internal stakeholder requirements, and overseeing local country statutory filings.
Chan Ken Fai
Director, Accounting
BoardRoom Malaysia
Ken Fai brings over 15 years of expertise in delivering accounting services to clients across diverse industries, including investment holding, retail, trading, and manufacturing. He is highly skilled in leveraging accounting software to optimize processes and ensure full regulatory compliance.