Leading Service Provider for XBRL Conversion and MBRS Annual Return Filing
BoardRoom offers top-tier corporate solutions, including expert MBRS XBRL conversion and MBRS filing services, to support your business growth seamlessly and efficiently. Our skilled team delivers quality XBRL conversion and efficient MBRS filing, ensuring full compliance and timely submissions. With a single point of contact, you can be assured of a smooth and hassle-free experience throughout the process.
Proven Expertise in Malaysia and Beyond
With over 50 years of experience, we have helped businesses navigate complex regulatory landscapes and operational challenges across diverse markets. Our integrated suite of corporate services, combined with a strong presence in the Asia-Pacific region, ensures we deliver tailored solutions to meet your unique needs. With offices in Malaysia, Singapore, Australia, China, and Hong Kong, along with an extensive partner network, we are well-equipped to support your business globally.
What is MBRS Filing and Why You Should Outsource It
The Malaysian Business Reporting System (MBRS) is an online platform introduced by SSM to digitalise and streamline corporate reporting in Malaysia. It standardises the submission of financial statements, annual returns, and other statutory documents using the eXtensible Business Reporting Language (XBRL) format. By mandating MBRS filing, SSM aims to enhance the accuracy, efficiency, and transparency of corporate reporting.
Outsourcing MBRS filing and XBRL conversion services to an experienced provider helps ensure compliance with SSM requirements, minimises errors, and saves time, allowing your business to focus on growth while meeting all reporting obligations accurately and on time.
Our Professional MBRS Filing & XBRL Conversion Services
BoardRoom offers comprehensive corporate solutions, from accounting and tax services to MBRS XBRL conversion and MBRS filing, supporting your business’s growth seamlessly and efficiently. As an integrated services provider, we ensure a smooth end-to-end process with a dedicated account manager, giving you a single, reliable point of contact for accurate and hassle-free compliance.
In Malaysia, companies are required to submit financial statements in XBRL format through the Malaysian Business Reporting System (MBRS), with filing requirements varying based on company size and reporting standards. At BoardRoom, we ensure full compliance with Suruhanjaya Syarikat Malaysia (SSM) regulations while streamlining the filing process.
We assist in preparing financial statements in the required MBRS XBRL formats, including:
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XBRL Conversion for Companies Using MFRS (Malaysian Financial Reporting Standards) Companies reporting under MFRS include:
- Public-listed companies
- Large enterprises
- Companies with complex shareholder structures
- Balance sheets
- Income statements
- Cash flow statements
- Notes to the financial statements
- Auditors’ and directors’ reports
These companies are required to submit detailed financial statements, including:
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XBRL Conversion for Companies Using MPERS (Malaysian Private Entities Reporting Standards)
- Small and medium-sized enterprises (SMEs)
- Private limited companies (Sdn. Bhd.)
- Dormant companies and exempt private companies (EPCs)
- Balance sheets
- Income statements
- Statements of changes in equity
Companies reporting under MPERS include:
This format requires fewer disclosures, focusing on essential financial information:
This streamlined filing approach reduces complexity and costs, making it ideal for smaller businesses.
Our expert Corporate Secretarial team ensures your company remains fully compliant with MBRS filing requirements set by Suruhanjaya Syarikat Malaysia (SSM). We handle everything from data preparation to accurate and timely submissions through the MBRS portal, allowing you to meet deadlines, avoid penalties, and focus on growing your business while we manage the complexities of compliance.
- End-to-End Support: From start to finish, we take care of the entire MBRS filing process for you
- Full Compliance Assurance: Stay ahead with up-to-date knowledge of SSM regulations and XBRL taxonomy to ensure error-free submissions
- Timely Submissions: You can be assured of accurate filings on time with no missed deadlines
- Single Point of Contact: A dedicated account manager means you enjoy seamless communication and coordination
We offer specialised MBRS training services designed to equip accountants and financial professionals with the essential skills needed for effective MBRS compliance. Our training programs simplify the complexities of MBRS compliance, providing hands-on guidance through practical sessions on understanding regulatory requirements and preparing accurate financial statements in line with evolving standards.
Our training services can be tailored to meet the specific needs of your team or organisation, ensuring the learning experience is relevant and impactful. These training programmes simplify MBRS conversion and XBRL processes, helping your team file accurately and confidently meet regulatory requirements.
FAQs About MBRS Filing & XBRL Conversion Services
1. Who is required to file using MBRS?
All companies registered with SSM, except for exempted entities, must submit their MBRS filing digitally. This includes private limited (Sdn. Bhd.) and public companies for annual returns and financial statements.
2. What documents are required for MBRS filing?
Companies in Malaysia need to prepare financial statements, MBRS annual returns, and statutory reports in the required format. Proper XBRL conversion ensures these documents meet SSM submission standards.
3. What are the key deadlines for MBRS filing in Malaysia?
MBRS deadlines vary depending on the type of submission. For example, MBRS annual return filings must be submitted within 30 days of the anniversary of incorporation. Financial statements also have specific deadlines based on company regulations.
4. What common mistakes do businesses make when submitting an MBRS filing?
Errors in MBRS XBRL formatting, missing deadlines, and incorrect data entry are some of the most common issues businesses face. Working with professional XBRL providers like BoardRoom helps prevent these mistakes.
5. How does XBRL conversion help improve financial reporting accuracy?
XBRL conversion transforms financial data into a structured, machine-readable format, reducing errors and inconsistencies. This makes it easier for businesses to analyse, compare, and submit reports accurately to SSM Malaysia.